from bottom 10% to top 10% Tom Skidmore bought 15000 on Nov 7 and Allen sold 8000 on same day .Another charman bought 26,000 in November
Allen still selling unbelievable
INK Market-Wide Sentiment Indicator: 319.1% INK Sentiment Reading: Fair-Valued INK Venture Sentiment Reading: Undervalued
*Filing Tally represents Toronto Stock Exchange and Venture companies with public-market transaction SEDI filings of directly-owned equity securities. Indicators represent companies with buy-only transactions divided by companies with sell-only transactions of direct ownership equity securities in the public-market by officers and directors (exclusive of officers and directors of subsidiaries or insiders) filed over the last 60 days. The chart line shows insider sentiment trends by connecting the historic indicator daily readings going back one year. See our market report for commentary on indicator readings.
Overview: Sentiment and Stocks
Wireless communications services distributor Glentel (GLN) is doing its best to cash in on mobile computing growth. The company has operations in Canada, the US and South Pacific. On November 5 the company reported that third quarter revenues hit $401.4 million, up 19% from the same quarter a year earlier. Cash flow from operating activities before non-cash working capital adjustments also improved, hitting $17 million for the 9 months ending September 30, up 4% from the same period a year earlier. Meanwhile, earnings per share swung to a profit of 26 cents in Q3, up from a 55 cent loss in Q3 2013.
Investors cheered the news, pushing Glentel stock up more than 10% in the week following the news. What caught our eye was insider buying after the share price jump. Generally, it is a positive sign when insiders buy after news and the stock price is rising.
The insider buying plus improved price momentum has helped push Glentel into the top 10% of all stocks ranked by our INK Edge V.I.P. criteria of valuations, insider commitment and price strength. One year ago, the stock had a cloudy outlook putting it in the bottom 10% of our rankings.
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