Weekly Insider Sells Highlight: RAD, KOS, SNDK, AFOP

Author's Avatar
Apr 29, 2014

According to GuruFocus Insider Data, the largest insider sells during the past week were: Rite Aid Corp., Kosmos Energy Ltd., SanDisk Corp., Crown Holdings Inc. and Alliance Fiber Optic Products Inc.

The overall trend of insiders is illustrated in the chart below:

Rite Aid Corp (RAD, Financial): SEVP Frank Vitrano Sold 1,913,925 Shares

SEVP Frank Vitrano sold 1,913,925 shares of RAD stock on 04/21/2014 at the average price of $7.08. Frank Vitrano owns at least 1,183,384 shares after this. The price of the stock has decreased by 1.84% since.

Rite Aid Corporation, a Delaware corporation was incorporated in 1968. Rite Aid Corp has a market cap of $6.75 billion; its shares were traded at around $6.95 with a P/E ratio of 38.60 and P/S ratio of 0.27. Rite Aid Corp had an annual average earnings growth of 18.10% over the past 5 years.

The company recently released its fiscal fourth quarter 2014 results ended March 1, 2014. Quarterly net income was $55.4 million ($0.06 per diluted share) compared to net income of $123.1 million ($0.13 per share) a year ago. Total revenues were $6.6 billion, and adjusted EBITDA was $356.3 million.

EVP Marc A Strassler, and EVP Robert Ivan Thompson both also sold shares of RAD stock over the week.

Kosmos Energy Ltd. (KOS, Financial): Executive VP and CFO W. Greg Dunlevy Sold 201,985 Shares

Executive VP and CFO of Kosmos Energy Ltd. (KOS, Financial) W. Greg Dunlevy sold 201,985 shares during the past week at an average price of $11.

Kosmos Energy Ltd. was incorporated pursuant to the laws of Bermuda as Kosmos Energy Ltd. Kosmos Energy Ltd. has a market cap of $4.24 billion; its shares were traded at around $10.94 with and P/S ratio of 4.84.

Kosmos Energy reported fourth quarter 2013net income of $4 million. For its full year 2013, the company reported a net loss of $91 million, or $0.24 per diluted share.

Chief Exploration Officer Brian F. Maxted sold 57,360 shares of KOS stock on 04/24/2014 at the average price of $11. SVP, Chief Geoscientist Paul A. Dailly and other insiders also sold shares.

SanDisk Corp (SNDK, Financial): Executive VP Administration, CFO Judy Bruner Sold 39,300 Shares

Executive VP, Administration, CFO Judy Bruner sold 39,300 shares of SNDK stock on 04/21/2014 at the average price of $83.42. Judy Bruner owns at least 45,875 shares after this. The price of the stock has increased by 1.15% since.

Sandisk Corp was incorporated in Delaware in June 1988 under the name SunDisk Corp and changed its name to SanDisk Corporation in August 1995. Sandisk Corp has a market cap of $19.03 billion; its shares were traded at around $84.38 with a P/E ratio of 19.40 and P/S ratio of 3.29. The dividend yield of Sandisk Corp stocks is 0.80%. Sandisk Corp had an annual average earnings growth of 14.60% over the past five years.

Sandisk Corp recently released its first quarter 2014 results ended March 30, 2014. First quarter revenue increased by 13% year-over-year to $1.51 billion, while GAAP net income increased to $330 million from $207 million last year.

SVP, Corporate Marketing and GM Retail BU Yehoshua Nir sold 780 shares of SNDK stock on 04/24/2014 at the average price of $85.31. VP and Chief Accounting Officer Donald F. Robertson Jr. sold 1,380 shares of SNDK stock on 04/23/2014 at the average price of $84.75.

Crown Holdings Inc. (CCK): Senior Vice President and CFO Thomas A. Kelly Sold 28,244 Shares

Senior Vice President and CFO Thomas A. Kelly sold 28,244 shares of CCK stock on 04/25/2014 at the average price of $47.5. Thomas A. Kelly owns at least 60,007 shares after this. The price of the stock has decreased by 0.08% since.

Crown Holdings Inc. designs, manufactures and sells packaging products for consumer goods. Crown Holdings Inc. has a market cap of $6.58 billion; its shares were traded at around $47.46 with a P/E ratio of 20.70 and P/S ratio of 0.76. Crown Holdings Inc. had an annual average earnings growth of 10.70% over the past 10 years. GuruFocus rated Crown Holdings Inc. the business predictability rank of 3-star.

Crown Holdings Inc. has released its first quarter 2014 results ended March 31, 2014. Net sales in this quarter were $1.99 billion compared to $1.97 billion last year. Net income was $24 million compared to $41 million last year. Net income per share before certain items was $0.57 versus $0.50 a year ago.

Chairman and CEO John W. Conway sold 45,319 shares of CCK stock on 04/25/2014 at the average price of $47.51.

Alliance Fiber Optic Products Inc. (AFOP, Financial): Acting CFO Anita K. Ho Sold 23,640 Shares

Acting CFO Anita K. Ho sold 23,640 shares of AFOP stock on 04/21/2014 at the average price of $18. Anita K. Ho owns at least 7,000 shares after this. The price of the stock has increased by 9% since.

Alliance Fiber Optic Products Inc. was incorporated in California in December 1995 and was reincorporated in Delaware in October 2000. Alliance Fiber Optic Products Inc. has a market cap of $361.547 million; its shares were traded at around $19.62 with a P/E ratio of 19.70 and P/S ratio of 4.77. The dividend yield of Alliance Fiber Optic Products Inc. stocks is 0.76%. Alliance Fiber Optic Products Inc. had an annual average earnings growth of 56.00% over the past five years.

The company reported a 105% increase in revenues year-over year to $24.8 million for its first quarter of 2014. Net income rose to $5.0 million, or $0.27 per share, compared to net income of $1.85 million last year.

For the complete list of stocks that were bought/sold by their company executives, go to: Insider Buys.