Finance

Dissecting the Insider Trading Patterns of Pfizer Inc. (PFE)

Recent insider trends for Pfizer Inc. (NYSE:PFE) have caught the attention of investors. Insider activity is often a strong indicator of future performance in a stock, and if the data on PFE is anything to go by, investors should pay attention.

Institutions own 71.54% of Pfizer Inc. (PFE)’s shares. The total value of these holdings, in millions, is $151,928. Among active positions in the latest quarter, 890 holders increased their positions by a total of 176.54 million shares, 982 holders decreased the positions by a total of 111.4 million shares, and 242 holders held their positions. This works out to a net increase in ownership of 65.14 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 77 holders initiated new positions by a total of 21.5 million shares and 64 holders exited their positions by a total of 8.65 million shares. This nets out to an increase of 12.85 million shares and is a bullish sign for PFE.

In the last three months, insiders executed a total of 4 trades.4 were sells. Insider ownership decreased by a total of 57149 shares, which suggests that PFE’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 17 buys and 51 sells, and ownership decreased by a net of 1.88 million shares.



Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. Pfizer Inc. (NYSE:PFE)’s short interest is 54.81 million shares, or % of the float. This represents an increase of 7% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

Insider data can help an investor form an outlook on a stock, but it’s important to supplement this data with other information such as technical indicators to form a more complete view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that PFE is a hold, which implies that PFE is expected to perform in line with the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bearish. Technical indicators (also) suggest that Pfizer Inc. (NYSE:PFE) is fairly valued.

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