Promus Hotel Corp
Article Abstract:
Four Promus Hotel Corp. insiders' acquisition of 128,500 shares at $27 to $29 as of Oct. 1996 helped boost investor confidence about the future growth of the company. In Nov. 1996, Director Jay Stein purchased an additional 230,000 shares to increase his holdings to 400,000 shares while senior VP and general counsel Ralph Lake acquired 600 shares. The stock is currently trading below $29 providing a lucrative buying opportunity for investors.
Publication Name: CDA-Investnet Insiders' Chronicle
Subject: Business
ISSN: 1074-0139
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
La Quinta Inns-LQI
Article Abstract:
Insider trading activities at La Quinta Inns preceded the 25% percent drop in stock prices following the release of lower than expected profits for the second qtr. of 1996. The selling trend may still continue after executives Steven Shultz and Thomas Higgins disposed a total of 372,000 shares from Aug. 26 to Sept. 6, 1996. These moves were made despite the release of positive news regarding the Gold Medal Room renovation program.
Publication Name: CDA-Investnet Insiders' Chronicle
Subject: Business
ISSN: 1074-0139
Year: 1996
User Contributions:
Comment about this article or add new information about this topic: