Premium Membership
2010
28th
July 6:27am

Stocks moving on insider selling: (SABA, MU, BSX, AMR, CLWR)


Dear PSL members,

Stocks moving on insider selling: (SABA, MU, BSX, AMR, CLWR)

Saba Software, Inc. (NASDAQ: SABA) plunged by 0.99% to close at $5 with overall traded volume of 530,955 shares. SABA’s price to earnings ratio stood at 166.67. Saba Software, Inc. (Saba) provides a software platform for enterprise learning, collaboration, performance and talent management. In addition, the Company provides license updates and product support, implementation, training and consulting services. The Company offers the Saba Enterprise Suite, the Saba Centra product suite, and a range of professional, education and customer support services. Saba’s solutions are available to customers through its OnDemand service offering or through its on-premise software product license.

Micron Technology, Inc. (NASDAQ: MU) went down by 0.94% and closed at $8.43 whereas total traded volume stood at 29.20 million shares. Its PE ratio arrived at 5.90. Micron Technology, Inc. is a global manufacturer and marketer of semiconductor devices, principally dynamic random access memory (DRAM) and Nandi Flash memory (NAND). In addition, the Company manufactures complementary metal-oxide semiconductor (CMOS) image sensor products under a wafer foundry arrangement. The Company operates in two segments, Memory and Imaging. The Memory segment’s primary products are DRAM and NAND Flash, which are memory components used in an array of electronic applications, including personal computers, workstations, network servers, mobile phones, Flash memory cards, universal serial bus (USB) storage devices, moving picture experts group layer-3 audio (MP3/4) players and other consumer electronics products. On July 10, 2009, the Company sold a 65% interest in Aptina Imaging Corporation (Aptina) to Riverwood Capital and TPG Capital. In May 2010, Micron Technology, Inc. acquired Numonyx B.V.

Boston Scientific Corporation (NYSE: BSX) moved down by 0.84% to close at $5.90 with traded volume of 13.09 million shares. Its total market capitalization ended at $8.95 billion in the last trading day. Boston Scientific Corporation is a developer, manufacturer and marketer of medical devices that are used in a range of interventional medical specialties, including cardiac rhythm management, electrophysiology, interventional cardiology, peripheral interventions, neurovascular, endoscopy, urology, women’s health and neuromodulation. The Company’s products are offered for sale principally by six dedicated business groups:  CRM, including its Cardiac Rhythm Management and Electrophysiology businesses; Cardiovascular, including its Interventional Cardiology and Peripheral Interventions businesses; Neurovascular; Endoscopy; Urology/Women’s Health, and Neuromodulation. During the year ended December 31, 2009, it derived 31% of its net sales from its CRM group, 43% from its Cardiovascular group, 12% from its Endoscopy business, 6% from its Urology/Women’s Health business, 4% from its Neuromodulation business, and 4% from its Neurovascular business.

AMR Corporation (NYSE: AMR) reported the fall of 2.48% and closed at $7.08 whereas overall traded volume stood at 9.62 million shares. AMR’s total market capitalization ended at $2.36 billion for the day. AMR Corporation (AMR), incorporated in October 1982, operates in the airline industry. The Company’s principal subsidiary is American Airlines, Inc. (American). As of December 31, 2009, American provided scheduled jet service to approximately 160 destinations throughout North America, the Caribbean, Latin America, Europe and Asia. AMR Eagle Holding Corporation (AMR Eagle), a wholly owned subsidiary of AMR, owns two regional airlines, which do business as American Eagle – American Eagle Airlines, Inc. and Executive Airlines, Inc. (Executive) (collectively, the American Eagle carriers). American also contracts with an independently owned regional airline, which does business as AmericanConnection (the AmericanConnection carrier).

Clearwire Corporation (NASDAQ: CLWR) surged by 2.31% to close at $7.10 with total traded volume of 2.17 million shares. Its total market capitalization arrived at $6.71 billion shares in the last trading session. Clearwire Corporation (Clearwire) builds and operates mobile broadband networks that provide high-speed residential and mobile Internet access services and residential voice services in communities. Its 4G mobile broadband networks creates a communications channel into the home or office, and also provides a broadband connection anywhere within its coverage area. As of December 31, 2009, it operated in 61 markets in the United States and Europe. It had approximately 642,000 retail and 46,000 wholesale subscribers. Clearwire’s service WiMAX, referred as 4G mobile broadband services, offer the services both on a retail basis and through the wholesale partners, including Sprint, Comcast, Time Warner Cable and Bright House. During 2009, Clearwire operated 4G mobile broadband networks in 27 of the markets in the United States. These markets include, among others, Atlanta, Baltimore, Charlotte, Chicago, Dallas, Honolulu, Las Vegas, Philadelphia, Portland, Oregon, San Antonio and Seattle.

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