Melville Corp

Article Abstract:

Melville Corp belongs to the retail industry, specifically in the shoe and apparel segment. Ten insiders disposed of 71,620 shares from Oct 1 to Dec 28, 1992 at the $50 to $54 range. Most of the sold shares were option-related but the number of insiders who sold is quite noticeable. Three of the sellers also cleared out 34% of their aggregate non-option related stakes. Caution is recommended at the moment.

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Bruno's Inc

Article Abstract:

Bruno's Inc manages 253 supermarkets and drugstores in the southeast. Four insiders accumulated 32,500 shares at an average of $9.38 from Mar 24 to Apr 26, 1993. The insider purchases occurred at a relatively low price with Divisional Officer William J. White averaging down his purchases after acquiring 17,600 shares at the $13-$14 area last Aug 1992. The insider activity suggests positive fundamentals.

Grocery stores, Bruno's Supermarkets Inc.

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Melville Corp

Article Abstract:

Melville Corp shares dropped from their $53 price in Jan 1993 to only $43.75 in Apr 1993 and it was during this time that four insiders disposed of 22,920 shares. Although the volume sold is not really large, the number of insiders selling shares at such low prices is a cause of concern. Prospective buyers should be aware of the possibility of further price deterioration.

APPAREL AND OTHER TEXTILE PRODUCTS, Analysis, Clothing industry, Insider trading in securities, Insider trading (Securities)

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