During the week when the US market struggled to remain in a positive zone, several stocks reported heavy insider buying. Some notable stocks are discussed here.
Equity One Inc. (NYSE: EQY), a real estate investment trust, declared that between October 3, 2011 to October 5, 2011, one of its leading investors C. Katzman bought 350 thousand shares of the firm at an average value of $15.25 for a total value of more than 5.2 million. Shares lost 2.54 percent or $0.39 to trade at $14.95.
NVIDIA Corp. (Nasdaq: NVDA), a leading provider of visual computing high performance computing and mobile computing solutions, announced that one of its Director A. Seawell purchased 100 thousand shares of the company on October 3, 2011 for a total value of $1.19 million at an average value of $11.91 per share. Shares added 0.61 percent or $0.09 to trade at $13.98.
Avis Budget Group, Inc. (Nasdaq: CAR), which provides car and truck rentals, and ancillary services to businesses and consumers, reported that on Tuesday, its CEO R. Nelson bought 50 thousand shares of the company for a total value of $449 thousand at an average value of $8.99 per share. Shares added 3.51 percent or $0.36 to trade at $10.63.
Rambus Inc. (Nasdaq: RMBS), engaged in creation, design, development and licensing of patented innovations, technologies and architecture, declared that on October 3, 2011, its Director S. Chou bought 12 thousand shares of the company at an average value of $13.78 per share for a total value of $160 thousand. Shares fell 5.57 percent or $0.87 to trade at $14.74.
Smithfield Foods Inc. (NYSE: SFD), which is engaged in the production and marketing of fresh meat and packaged meat, announced that on October 5, 2011 Director M. Lewis bought 5 thousand shares of the company for a total value of $101 thousand at an average value of $20.14 per share. Shares slipped 0.43 percent or $0.09 to trade at $20.90.