Boston, MA 02/04/2014 (wallstreetpr) – Texas Instruments Incorporated (NASDAQ:TXN) experienced insider selling last Friday whereby VP Darla Whitaker unloaded 30,000 shares in open market trading where by each share changed hands at an average price of $42.01. The transaction resulted in more than $1.2 million for the executive. The VP now retains more than 104,956 shares of TXN which bear an estimated value of $4.4 million. Investors are wise to keep track of insider trading because they help to reveal important directions which a stock is likely to take. The stock of Texas Instruments Incorporated (NASDAQ:TXN) is slightly down since that insider transaction occurred. A share of the company now trades around $41.50 per share.
Plug Power Inc (NASDAQ:PLUG) is seen to be maintaining grip on the negative side of things. The stock has continued to drop on the browsers, though on no bad news, but perhaps because investors are reading too much into the big drops that the stock has been experiencing of late. The stock lost 5.96 percent of Plug Power Inc (NASDAQ:PLUG)’s market value to close south at $2.84 on Monday. This week’s drop was a continuation of a trend started in the past several weeks.
J.C. Penney Company, Inc. (NYSE:JCP) has reportedly fetched $1.5 million from the sale of a store location at Cortana Mall. The location was transferred to SMBC Leasing and Finance according to document filing. The sale of the just disclosed store location reportedly occurred just a day after the struggling retailer announced that it would shutter 33 of its non-performing stores and cut as many jobs as 2,000 across the country. JCP is in dire need of cash and the company is also faced with cash-losing operations which it is trying to drop. In the process, the company hopes that job cuts alone will be able to save $65 million a year. The company’s turnaround journey of late has baffled investors as analysts, though the management believes that there is no cause for alarm even after the company realized dismal holiday performance. On the stock market, J.C. Penney Company, Inc. (NYSE:JCP) is losing and on Monday it lived up to expectation whereby it lost 4.05 percent of its market value, leading to a share trading at $5.68 by bell time.
