Magna Group - MGR

Article Abstract:

Magna Group's 1st qtr. 1997 earnings' growth results from the firm's strong loan demand and its ability to control expenditures. Insiders bought shares of stock at record high prices just as Magna Group also repurchased 333,500 shares. Four company insiders accumulated 6,306 shares priced between $29.37 to $32.70 each while two others opted to retain 4,964 shares. Director Carl Hogan bought 4,325 shares while Director Douglas Shull and VP Ronald Buerges acquired 1,320 shares and 600 shares, respectively. Director Reling Schmiesing and VP Robert Kahler exercised options for 2,482 shares each.

Prices and rates, Stocks, Reports, Stock prices, Insider trading in securities, Insider trading (Securities), Magna Group Inc., MGR

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Looking for the needles

Article Abstract:

Investors may obtain investment clues from an analysis of what stocks are the targets of insider trading. For the summer of 1996, these appears to be Ameriwood Industries, Whitney Holding Co. and Mueller Industries. Whitney is a holding company for Whitney National Bank and Whitney Bank of Alabama while Mueller Industries manufactures metal products. Ameriwood, a furniture company, is a recommended buy in light of the 62,500 shares bought by five insiders at $4-6.75 a share.

FURNITURE AND FIXTURES, Furniture & Fixtures, Furniture and Related Product Manufacturing, FABRICATED METAL PRODUCTS, Fabricated Metal Product Manufacturing, Evaluation, Metal industries, Statistics, Metal products, Furniture industry, Metal industry, Mueller Industries Inc., MLI, Investment analysis, Securities analysis, Whitney Holding Corp., WTNY, Ameriwood Industries

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