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Optimism In The Media Industry Fuels Insider Buying Activities
Insider trading data has noticed a net buy ratio raising to from 14% to 28% and number of net buyers has also climbed to 11 from 3 in the Media and entertainment industry. Television sector is growing at an annual rate of 14%.
Current trend in the industry is that traditional media tries to harness the power of digital technology and newspaper publishers will make a decisive attempt to find viable sources of digital revenue as income from traditional print businesses continues to shrink. It is anticipated to see print publishers' efforts to recruit subscribers to their apps for the iPad and other tablet computers. For more data and analysis about insider trading, please visit http://www.insiderslab.com/
CBS Corporation. Within the last 6 month period, stock price of CBS has jumped from $18 per share to the current $28 per share .Thus, insiders are cashing out gain from the rise of CBS stock. Leading the selling activities is Ianniello Joseph R, CFO of CBS Corporation and he has sold over 5 million worth of share in May. The company reported its Q1 earnings with a consolidated revenue of $3,51 billion, which is 1% less than the same period last year. But its operating income has seen a significant increase of 64%, to 576 million in the first quarter of 2011. Read (CBS) insider trading report at http://www.insiderslab.com/
Comcast Corporation. Angelakis Michael J, the executive vice president and CFO of Comcast , has purchased over 25,000 shares of Comcast stocks in May which at a total cost of $634,000. Revenue increased 31.8% in the first quarter of 2011 to $12.1 billion, while Operating Cash Flow increased 14.1% resulted $4.1 billion and Operating Income increased 14.9% to $2.2 billion. Read (CMCSA) insider trading report at http://www.insiderslab.com/
MDC Partners Inc . In the trading period of May, two of MDC’s directors, Kamerschen Robert and Kauffman Scott purchased over 10,000 shares at 16. 46. Another significant insider’s trade related to the company CEO and President, Nadal Miles who has purchased over 30,000 MDC shares in open market with total amount of $ 754,300. Revenue increased to $217.5 million, compared to $135.9 million in Q1 2010, an increase of 60.0%. Read (MDCA) insider trading report at http://www.insiderslab.com/
Report Editor: Tim Fang in Vancouver at email@example.com
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