Cameron International Corporation (NYSE:CAM) provides flow equipment products, systems, and services worldwide.
Insider selling during the last 30 days
Here is a table of Cameron's insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Sold||Option Exercise & Sale||Rule 10b5-1||Current Ownership||Decrease In Ownership|
|Gary Halverson||SVP||June 23||7,500||Yes||Yes||67,348 shares + 70,900 options||5.1%|
|Scott Rowe||VP||June 20||10,000||Yes||Yes||34,442 shares + 53,504 options||10.2%|
|James Wright||SVP||June 9-20||85,265||Yes & No||No||48,158
shares + 18,635 options
|Baker Cunningham||Director||June 5||5,133||No||No||68,745
There have been 107,898 shares sold by insiders during the last 30 days. Gary Halverson, and Scott Rowe sold their shares pursuant to a Rule 10b5-1 plan. More details about the Rule 10b5-1 trading plan can be found from this link.
Insider selling by calendar month
Here is a table of Cameron's insider activity by calendar month.
|Month||Insider selling / shares||Insider buying / shares|
There have been 1,199,970 shares sold and there have been zero shares purchased by insiders since January 2013. The month of June has seen the most insider selling this year.
Cameron reported the first-quarter financial results on April 24 with the following highlights:
|Net income||$111.1 million|
The four insiders sold their shares after these results.
Cameron's guidance from continuing operations is as follows:
|Qtrly Rev Growth (yoy):||0.18||0.09||-0.06|
|PEG (5 yr expected):||0.96||1.10||0.47|
Cameron has the second-highest P/S ratio among these three companies.
Here is a table of these competitors' insider activities this year.
|Company||Insider buying / shares||Insider selling / shares|
Only Cameron has seen intensive insider selling during the last 30 days.
There have been four different insiders selling Cameron and there have not been any insiders buying Cameron during the last 30 days. Two of these four insiders decreased their holdings by more than 10%. Cameron has an insider ownership of 0.81%.
Before going short Cameron, I would like to get a bearish confirmation from the Point & Figure chart. The main reason for the proposed short entry is the intensive insider-selling activity.
Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it (other than from Seeking Alpha). The author has no business relationship with any company whose stock is mentioned in this article.