Home Shopping Network Inc
Article Abstract:
Home Shopping Network Inc (HSN) stock was pegged at the $4 level in Nov 1992 as dismal earnings reports were provided. Liberty Media, however, disclosed in early Dec 1992 a possible joint venture with HSN which boosted share price to the $8 level. Ten insiders cleared out 327,000 shares between Nov 11 and Dec 28, 1992 at the $4.50 to $8.25 range. Insider selling, however, was still observed after the Liberty Media announcement so caution is recommended.
Publication Name: CDA-Investnet Insiders' Chronicle
Subject: Business
ISSN: 1074-0139
Year: 1993
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QVC Network Inc
Article Abstract:
QVC Network Inc sells consumer products via two nationally televised shopping networks. The stock price has appreciated dramatically since Sep 18, 1992. Seven insiders reportedly disposed of a record-high 1,189,500 shares at a cumulative price of approximately $42.2 million, suggesting overvaluation for the stock. The volume of selling also indicates that share prices were not increasing due to internal factors but rather because of market activity.
Publication Name: CDA-Investnet Insiders' Chronicle
Subject: Business
ISSN: 1074-0139
Year: 1993
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PCA International Inc
Article Abstract:
PCA International Inc provides portrait services for Kmart. Five insiders cleared out 118,332 shares from Dec 4, 1992 to Feb 8, 1993 at $17.50 each. Insider stakes in the issue has declined despite some option-related sales. Pres John Grosso disposed of 58,933 shares in Jan 1993, reducing his interest from 237,578 in Apr 1991 to only 66,900. The early insider sales for 1993 are also exceeding volumes for previous years.
Publication Name: CDA-Investnet Insiders' Chronicle
Subject: Business
ISSN: 1074-0139
Year: 1993
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