Boston, MA 01/29/2014 (wallstreetpr) – Verizon Communications Inc. (NYSE:VZ) has said that it is just getting started in wireless business after shareholders Verizon and Vodafone Group Plc (ADR) (NASDAQ:VOD) approved the $130 takeover deal of Verizon Wireless. The company believes that buying out Vodafone gives it flexibility to invest in new technologies in its vibrant wireless division. Following the Tuesday approval by shareholder from both sides, Verizon has now pulled all stops to neutralized Vodafone’s 45 percent stake Verizon Wireless. About $84 billion of the buyout deal to Vodafone will be returned to investors.
Regions Financial Corporation (NYSE:RF) witnessed insider trading Thursday whereby EVP William Ritter unloaded about 59,000 shares of the company in open market transaction. Each share of the offering exchanged hands at an average price of $10.80. Note Regions Financial Corporation (NYSE:RF) currently trades around $10.53 after going up and down over the past several days. Following the Thursday selling, Mr. Ritter now owns about 160,200 shares of Regions directly. Investors are wise to track insider activities in a stock because they offer important basis for investment decisions. As you track insider trading in stock, recall that insiders buy for one reason and may sell for many different reasons.
American Eagle Outfitters (NYSE:AEO) was one of the hard-hit retail apparel stocks partly because of the cold weather condition and partly because of the surprise exit of its two-year chief executive officer Robert Hanson. As regards cold weather condition, apparel stocks in the U.S. witnessed a systematic decline over the past few weeks. But for AEO, investors questioned the manner in which Hanson bolted from the company at a time when things were just beginning to shore up in the company’s balance sheet. Thankfully the company’s chairman Jay Schottenstein has stepped forward to fill the CEO position in interim capacity and further made a big bullish move that should get investors talking over the next several days. Mr. Schottenstein purchased over 500,000 shares of American Eagle Outfitters (NYSE:AEO) at around $12.84 average price per share, thus spending more than $6 million in purchase. Those in the know understand what it means when a company insider buys over $5 million worth of his company’s stock.
