When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Kinder Morgan reported earnings and announced that President Kim Dang will be taking over for Steve Kean as CEO. This prompted us to look back over KMI’s history, which reflects some of the best and worst of the MLP sector for the past ten years.
Gainers Ayala Pharmaceuticals, Inc. (NASDAQAYLA) jumped 130% to $2.0001 after the company filed a request for the withdrawal of the Registration Statement on Form S-1.
Gainers Ayala Pharmaceuticals, Inc. (NASDAQAYLA) shares surged 94.3% to close at $1.69 on Tuesday after the company filed a request for the withdrawal of the Registration Statement on Form S-1.
A stock split's main purpose is to make a company's shares more appealing to potential investors. By raising the number of outstanding shares, it improves a company's liquidity. Stock splits do not change the market value of a corporation; rather, they are a reassignment of share value by increasing the number of shares.
Gainers
Volt Information Sciences, Inc. (NYSEVOLT) shares surged 94.7% to close at $5.88 on Monday after the company announced it would be acquired for $6 per share.
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