Our quant model points to insider selling in Presstek

Article Abstract:

Presstek Inc.'s stocks continued to sell at an unusually high rate throughout May and Jun. 1995, despite the prevailing downturn in the stock market. Insider Chronicle's qualitative analysts, using the Quant model Signal II, theorize that intense insider trading may have caused the unusual performance of Presstek's stocks. However, the company's stocks have slowly begun to decline in Jul. 1995, prompting analysts to question whether it will continue to deteriorate in the coming months.

Securities, Presstek Inc., PRST

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Where have all the buyers gone?

Article Abstract:

Insider buying slowed down in mid-1995 probably due to high stock market price levels. Veteran insiders who purchased their holdings at previously lower prices are now inactive, with some activity evident only in new issues. This slowdown may presage a sharp market correction in the near future, similar to those in the summers of 1987 and 1990. Such a correction may be required to attract insiders who may feel that the market is overvalued.

Securities & Commodities Exchanges, Securities and Commodity Exchanges, Prices and rates, Stock-exchange, Stock exchanges

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