Author: FX_Trdr

Sales of US existing homes fell in December due to a shrinking supply. Purchases fell by one percent to a 4.94 million annual rate according to the the National Association of Realtors.

Penske (PAG) was upgraded by Keybanc (KEY) to buy from hold with a price target of $36 due to improving domestic auto demand. Shares are higher by about 4.6 percent.

Boise Cascade today announced that it has commenced an underwritten IPO of 11,764,706 shares of its common stock pursuant to a registration statement on Form S-1 filed with the SEC. In connection with the offering, Boise Cascade intends to grant the underwriters a 30-day option to purchase up to an additional 1,764,706 shares.

Intel Corporation (INTC) maintained its quarterly dividend of 22.5 cents per share. The dividend will be payable on March 1, 2013 to stockholders of record on February 7, 2013.

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy — they expect to make money. So let’s look at two noteworthy recent insider buys.

In trading on Wednesday, packaging & containers shares were relative leaders, up on the day by about 1.2%. Leading the group were shares of Rock Tenn (RKT), up about 6.6% and shares of Packaging American (PKG) up about 1.6% on the day.

Google (GOOG) announced that it earned $2.9 billion, or $8.62 per share, during the fourth quarter, versus $2.7 billion, or $8.22 per share, during the same quarter last year year. Revenue increased by 36 percent to $14.4 billion.

Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

Sales of US existing homes fell in December due to a shrinking supply. Purchases fell by one percent to a 4.94 million annual rate according to the the National Association of Realtors.

Sandisk (SNDK) had its numbers increased by Jefferies (JEF) as margins at the company have been improving. A $59 price target was issued with a buy rating.