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3 Power Stocks With Heavy Insider Selling at Year’s End

As 2013 was winding down, so were the stock positions of insiders at FB and two other companies

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Cheniere Energy (LNG)

insider-selling-stocks-LNG-stockCheniere Energy (LNG) is an energy sector company that operates liquefied natural gas related businesses. In the month of December, four insiders at LNG sold huge numbers of shares, generating millions of dollars for themselves.

  • Chairman, CEO & President Charif Souki sold 300,000 shares for $43.81, collecting $13.14 million from the sale
  • Meg Gentle, senior vice president of marketing, sold 240,000 shares at $41.17, generating $9.88 million for herself
  • Jean Abiteboul, another senior vice president, sold 60,000 shares for $41.97, harnessing a cool $2.52 million
  • Director Vicky A. Bailey sold 2,150 shares for $42.85, generating $92,120

All of these were direct sales made on the open market — not scheduled, automatic sales. LNG ran up from $27 to $46 during 2013, so it’s not surprising to see some insiders who could simply be taking profits here. However, recent down days in the stock have been on some stronger than normal volume, so perhaps it’s time for investors to pay closer attention.

Natural gas prices have been creeping up, and that could hurt the bottom line of a company like LNG, which also manufactures products that use natural gas for fuel.

Article printed from InvestorPlace Media,

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