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Insider Trading Wrap-up: Week Ended July 1, 2011

|Includes: BNHNA, BWA, China Automotive Systems, Inc. (CAAS), CMG, CRM, GES, HYGS, LBTYA, NAV, NSPH, NVLN, NWN, ORCL, SNI, TIF, TXI, VHI, VITC

 In the week ended July 1, we recorded 527 open-market insider trades at 311 companies having a total value of $1.8 billion. Transaction dollar volume was 87.2% higher than the previous week and 489.5% higher when compared to insider trading activity a year ago. Purchases accounted for 13.5% of all open-market trades last week. Our insider sell-to-buy ratio, which excludes derivative conversions and certain other types of transactions, ended the week at 6.42, up from a previous reading of 3.91. On average, a sell-to-buy ratio below 4 is considered bullish, while readings above 7 are bearish. We remain cautious on the outlook for equities over a 6- to 12-month horizon; however, as was the case in 2007, we do not rule out the possibility of "relief rallies" such as the one that occurred during the week on positive news flow that the crisis appears to be "contained". The proverbial can (whether it be Greece or some other Mediterranean country) can only be kicked down the road for so long.

BlueTrader insider sell-to-buy ratio chart - July 01, 2011

For the 12th consecutive week, activity was the most concentrated in the Technology sector, where 91 insiders filed trades having an aggregate market value of $66.4 million. Rounding out the top three sectors were Financials (71 trades for $26.4 million) and Consumer Discretionary (65 trades for $127.4 million).

The largest open-market transaction of the week was in SNI stock, where 4 insiders sold 25,720,120 shares for a total of $1.2 billion. The biggest buy last week was for 1,853,540 shares of CAAS, worth $13.5 million.

Largest insider buys for the week

BlueTrader large insider buys - July 01, 2011

Largest insider sales for the week

BlueTrader large insider sales - July 01, 2011