Author: FX_Trdr

CVS Caremark Corporation (CVS) maintained its quarterly dividend of 16.25 cents per share. The dividend is payable August 3, 2012, to holders of record on July 23, 2012Shares are higher by about seven tenths of a percent.

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 Thursday, music & electronics stores shares were relative leaders, up on the day by about 2%. Leading the group were shares of Hhgregg (HGG), up about 3% and shares of Radioshack (RSH) up about 2.6% on the day.

Douglas Emmett (DEI) was upgraded today at Bank of America/Merrill Lynch (BAC) from neutral to buy with a price target of $26 due to an improved view of the market. Shares are higher by over one percent.

Unifirst Corporation (UNF) maintained its quarterly dividend of 3.75 cents per share. The dividend is payable on October 1, 2012, to shareholders of record on September 10, 2012.

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.

In trading on Tuesday, paper & forest products shares were relative leaders, up on the day by about 5.5%. Leading the group were shares of Verso Paper (VRS), up about 62.4% and shares of Mercer International (MERC) up about 7.2% on the day.

The Daily Ticker’s Daniel Gross talks to Terry Roggensack about the impact of rising corn prices.

KKR & Company (KKR) was upgraded by Oppenheimer (OPY) from perform to outperform with a price target of $18, as the company has made substantial progress in investment monetization. Shares are higher by about 2.6 percent.

Signs of weakness from the manufacturing sector prompted the markets to add to their losses this morning but turned mixed later in the day. The US ISM manufacturing index fell unexpectedly to 49.7 in June, while economists were expecting a reading of 52.0.