Weekly Insider Sells Highlight: CPN, INCY, GPK, CODE

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Feb 24, 2014

According to GuruFocus Insider Data, the largest insider sells during the past week were: Calpine Corp, Incyte Corp Ltd, Graphic Packaging Holding Co, and Spansion Inc.

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

Calpine Corp (CPN, Financial): Director Stuart Ryan sold 20,000,000 Shares

Director J. Stuart Ryan sold 20,000,000 shares of CPN stock on Feb. 18 at the average price of $20.1. Stuart Ryan owns at least 12,101,660 shares after this. The price of the stock has decreased by 0.5% since.

Calpine Corp is a Delaware corporation, which was established in 1984. Calpine Corp has a market cap of $8.45 billion; its shares were traded at around $20.00 with a P/E ratio of 588.20 and P/S ratio of 1.40. Calpine Corp had an annual average earnings growth of 2.20% over the past 5 years.

The company has released its third quarter 2013 results. Operating revenues were $2.05 billion, a 2.7% increase versus the $1.99 billion reported a year ago. Net income decreased to $306 million from $437 million, with adjusted EBITDA rising 13.6% to $802 million.

Director Robert A Jr Mosbacher sold 7,500 shares of CPN stock on Feb. 18 at the average price of $20.35.

Incyte Corp Ltd (INCY, Financial): Director Paul A Friedman sold 804,536 Shares

Director of Incyte Corp Ltd (INCY, Financial) Paul A Friedman sold 804,536 shares during the past week at an average price of $64.98.

Incyte Corp Ltd was incorporated in Delaware in 1991. Incyte Corp Ltd has a market cap of $10.47 billion; its shares were traded at around $64.98 with and P/S ratio of 24.52.

Incyte Corp Ltd. has recently released its fourth quarter 2013 results. Net loss for the quarter ended December 31, 2013 was $42.9 million ($0.26 per share), compared to net income of $18.8 million ($0.14 per share) in the prior year quarter. Total revenues were $97.1 million compared to $113.8 million last year.

CFO David C Hastings sold 275,000 shares of INCY stock on 02/18/2014 at the average price of $65.86. Other insiders have also sold shares of INCY stock over the past week.

Graphic Packaging Holding Co (GPK, Financial): SVP & CFO Daniel Blount Sold 300,000 Shares

SVP & CFO Daniel J Blount sold 300,000 shares of GPK stock on Feb. 18 at the average price of $10.49. Daniel J Blount owns at least 419,688 shares after this. The price of the stock has decreased by 1.53% since.

Graphic Packaging Holding Corporation or GPHC was incorporated on June 21, 2007 under the laws of the State of Delaware, under the name New Giant Corporation. Graphic Packaging Holding Co has a market cap of $3.35 billion; its shares were traded at around $10.33 with a P/E ratio of 24.40 and P/S ratio of 0.81. Graphic Packaging Holding Co had an annual average earnings growth of 0.90% over the past 5 years.

GPHC has recently released its fourth quarter 2013 results. Fourth quarter net sales increased 2% year-over-year, with adjusted EPS increasing to $0.17 versus $0.08 a year ago.

President & CEO David W Scheible sold 150,000 shares of GPK stock on 02/19/2014 at the average price of $10.47. Group Holdings (sbs) Advis Tpg and multiple other insiders have all also sold shares of GPK stock.

Spansion Inc (CODE, Financial): Corporate EVP and CFO Randy W Furr Sold 115,328 Shares

Corporate EVP and CFO Randy W Furr sold 115,328 shares of CODE stock on Feb.19 at the average price of $16.29. Randy W Furr owns at least 42,161 shares after this. The price of the stock has decreased by 0.31% since.

Spansion Inc. was originally organized as a Flash memory manufacturing venture of Advanced Micro Devices, Inc. Spansion Inc has a market cap of $958.842 million; its shares were traded at around $16.24 with and P/S ratio of 1.09.

The company has reported fourth quarter revenue of $313.7 million and net loss of $23.7 million.

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