Daily Stocks Highlight for Morgan Stanley, Western Digital, Walt Disney, Alcoa, Schlumberger, and Corning
Pennystocksinsiders.com (PSI) has issued insider trading reports and Equity Research for the following companies: Morgan Stanley (NYSE:MS), Western Digital (NYSE:WDC), Walt Disney (NYSE:DIS), Alcoa (NYSE:AA), Schlumberger (NYSE:SLB), and Corning (NYSE:GLW).
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Morgan Stanley (NYSE:MS): Morgan Stanley surged 2.94% to US$13.64 with more than 18.59 million shares traded hands, compared to its average volume of 31.55 million shares. On Tuesday, Carl Davey, head of prime brokerage sales in Singapore, resigned from the company to join Citigroup. The investment firm has been sued by multiple investors over its role in Facebook's IPO. Investors claimed that the bank reduced its earnings estimate on the company while the IPO was under process and those estimates were sent to limited numbers of its clients. In early March, analyst Donald Jones at Sterne Agee & Leach Inc. expected the company bank's credit ranking from Moody's Investors Service to downgrade by two notches over the next two months. He said that there is a 75% possibility of downgrade. In April, the bank had reported better than estimated first-quarter earnings driven by strong trading revenue. The bank reported loss of US$119 million, or 6 cents per share, reversing loss of US$736 million, or 50 cents per share a year ago. On an adjusted basis, the firm would have earned US$1.4 billion, or 71 cents a share. Revenue during the latest quarter came in at US$6.9 billion. Trading revenue surged 33% year over year US$5 billion. Shares of MS have slumped over 10% so far this year, one of the biggest losers in the financial sector. Are insiders starting to take huge profits by buying shares or exercising stock options? Academic studies have shown that insiders traditionally make higher investment returns than ordinary investors. Want to find out how they do it?
Read Full Report: http://www.Pennystocksinsiders.com/PR/053012B/MS/MorganStanley.pdf
Western Digital Corporation (NYSE:WDC): Western Digital ended lower by US$1.04 or down 3.04% to US$33.17 on over 7.49 million shares, above its average volume of 6 million shares. On Tuesday, analyst at Barclays Capital reduced its investment rating on the stock to equal weight from overweight, citing higher inventories and reduced demand could hurt the company's earnings. The firm trimmed its price target by US$12 to US$37. The company recently announced that it will shift its listing from the New York Stock Exchange to the NASDAQ Global Select Market in order to save on the listing fees and improve the public exposure. The company's shares will start trading in NASDAQ on June 1, 2012 with the ticker WDC. The company also announced to increase its buyback target by another US$1.50 billion and extended the repurchase program by five years. Shares of WDC have outperformed the broader market so far this year and sell over 7% in the past year. Over the past 52 weeks, the stock has been moving within a range of US$22.64 - US$44.44. Pennystocksinsiders.com found James J. Murphy, Chairman of the Board, sold 15,000 shares on May 25. Since insiders such as CEOs, CFOs and Directors have better access to company non-public information, Pennystocksinsiders.com thinks that investors would be wise to pay close attention to their stock trading behaviors. Check this insider trade report for WDC here.
Read Full Report: http://www.Pennystocksinsiders.com/PR/053012B/WDC/WesternDigital.pdf
The Walt Disney Company (NYSE:DIS): Walt Disney rose US$0.98 or 2.20% to US$45.48 on heavy volume of 10.56 million shares, compared to its average volume of 8.91 million shares. On Tuesday, analyst at Morgan Stanley rose its price target on the stock to US$51, while maintaining its Overweight rating. The firm noted that the company has impressive gross margin in its ABC TV unit, and its summer blockbuster movie, The Avengers, has performed strongly at the box office. Last week, analyst at Nomura Securities lifted its price target on the stock by US$3 to US$51 and maintained its buy rating on the stock. The company's shares have jumped over 5% after reporting higher than estimated second-quarter earnings in early May. The company earned US$1.14 billion, or 63 cents a share, up from a year ago profit of US$942 million, or 49 cents a share. On an adjusted basis, the company would have earned 58 cents per share, topped analysts' estimates by 3 cents. Quarterly revenue surged 6% year over year to US$9.63 billion from US$9.08 billion, ahead of analysts' projections of US$9.57 billion. The company said that it booked a loss of US$84 million at movie studio segment, whereas revenue fell 12% to US$1.2 billion. Shares of the company have soared over 21% so far this year and jumped over 9.54% in the past year. Do you want to spend less time on picking stocks and raise your return at the same time? Academic studies have shown that insiders traditionally make higher investment returns than ordinary investors. Want to trace the activities of company insiders from now on?
Read Full Report: http://www.Pennystocksinsiders.com/PR/053012B/DIS/WaltDisney.pdf
Today Pennystocksinsiders.com also observed abnormal trade volume for the following companies; insiders may involve trading in these companies. It will take some time for insiders to report their trades. Read these reports and add these companies into your Insider Trade Radar.
Alcoa Inc. (NYSE:AA):
Read Full Report: http://www.Pennystocksinsiders.com/PR/053012B/AA/Alcoa.pdf
Schlumberger Limited (NYSE:SLB):
Read Full Report: http://www.Pennystocksinsiders.com/PR/053012B/SLB/Schlumberger.pdf
Corning Incorporated (NYSE:GLW):
Read Full Report: http://www.Pennystocksinsiders.com/PR/053012B/GLW/Corning.pdf
Insider Filing Source Reference: All observations, analysis and reports are based on public information released by the U.S. Securities and Exchange Commission.
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Reported on May 30, 2012
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