Weekly Top Insider Sells: CIE, AXP
Cobalt International Energy Inc. (CIE): Director Scott L. Lebovitz Sold 13,050,450 Shares
Director of Cobalt International Energy Inc. (CIE) Scott L. Lebovitz sold 13,050,450 shares on 1/18/2013 at an average price of $24.47.
On Oct. 30, 2012 Cobalt International Energy Inc. announced a net loss of $39 million, or $0.10 per basic and diluted share, for the third quarter of 2012, compared to a net loss of $47 million, or $0.12 per basic and diluted share, for the third quarter of 2011.
After the transaction, Lebovitz owns at least 49,909,648 shares. The price of the stock has decreased by 2.12% since.
American Express Co. (AXP): Executive Vice President of Corporate Affairs, Thomas A. Schick Sold 190,654 Shares
American Express Co (AXP) Executive Vice President of Corporate Affairs, Thomas A. Schick sold 190,654 shares on 1/22/2013 at an average price of $70.413.
American Express Co. was founded in 1850 as a joint stock association and was incorporated in 1965 as a New York Corp. American Express Co. has a market cap of $66.74 billion; its shares were traded at around $59.50 with a P/E ratio of 13.6 and P/S ratio of 2.2. The dividend yield of American Express Co. stocks is 1.3%. American Express Co. had an annual average earnings growth of 4.3% over the past 10 years. GuruFocus rated American Express Co. the business predictability rank of 2.5 stars.
On Jan. 17, 2013 American Express Co. reported fourth-quarter net income of $637 million, down 47 percent from $1.2 billion a year ago. Net income from the quarter included the restructuring charge, rewards expense and cardmember reimbursements that were announced last week. Diluted earnings per share was $0.56, down 45 percent from $1.01 a year ago.
Group Presisdent of Global Services Stephen J. Squeri sold 54,210 shares of AXP stock on 1/22/2013 at the average price of $59.24. Squeri owns at least 107,398 shares after this. The price of the stock has increased by 0.44% since.
For the complete list of stocks that bought/sold by their company executives, go to: Insider Buys.