Navigate this market better. Subscribe for FREE stock alerts and information.

Monday, September 3, 2012

Insider Ownership Increasing: (SONS), (BNCL), (SYMC), (MCGC), (FRX)

Shares of Sonus Networks, Inc. (SONS) traded higher by 1.05% or $0.02/share to $1.93. In the past year, the shares have traded as low as $1.56 and as high as $3.11. On average, 1689940 shares of SONS exchange hands on a given day and today's volume is recorded at 1915977. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $2.43 represents resistance and the 50-day moving average of $1.85 would be an area of support. The stock has insider ownership of 1.43%.

Shares of Beneficial Mutual Bancorp Inc. (BNCL) traded higher by 0.8% or $0.07/share to $8.81. In the past year, the shares have traded as low as $7.12 and as high as $9.29. On average, 57630 shares of BNCL exchange hands on a given day and today's volume is recorded at 45005. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $8.74 area. The stock has insider ownership of 1.82%.

Shares of Symantec Corporation (SYMC) traded higher by 0.91% or $0.16/share to $17.83. In the past year, the shares have traded as low as $13.06 and as high as $18.88. On average, 9855530 shares of SYMC exchange hands on a given day and today's volume is recorded at 8412991. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $16.34 area. The stock has insider ownership of 0.38%.

Shares of MCG Capital Corporation (MCGC) traded higher by 1.97% or $0.09/share to $4.65. In the past year, the shares have traded as low as $2.95 and as high as $4.76. On average, 321920 shares of MCGC exchange hands on a given day and today's volume is recorded at 333338. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $4.44 area where the stock will likely see buying pressure. The stock has insider ownership of 3.79%.

Shares of Forest Laboratories Inc. (FRX) fell by 1.0% or $-0.35/share to $34.69. In the past year, the shares have traded as low as $28.47 and as high as $36.44. On average, 1944480 shares of FRX exchange hands on a given day and today's volume is recorded at 1646543. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $34.41 area where the stock will likely see buying pressure. The stock has insider ownership of 0.97%.