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Hyatt, which owns or operates 413 branded hotels encompassing 119,509 rooms in 45 countries, filed in August with the Securities and Exchange Commission to raise at least $1.15 billion dollars through an IPO, and will trade on the NYSE under the stock symbol H. The date and pricing of the offering have not yet been named. Hyatt's IPO will be the country's second largest this year, according to Dealogic...
...rise in insider selling, which developed over the past several weeks, signals a time for caution, not panic, says Jonathan Moreland, analyst at InsiderInsights, a stock-market advisory service. "The insiders are telling me, O.K., there's a yellow light now; the green light is off," he says. In response, Moreland is advising his clients to raise the cash component of their investment portfolios. (Read "Despite the Economy's Struggles, Stock Market Soars...
Kevin Conway, product manager for insider and ownership data at Thomson Reuters, agrees the abnormally high number of insider stock sales in recent weeks indicates change, but says it may not be cause for alarm. Insiders, he says, could simply be selling to lock in gains that will lessen their realized losses from the past two years...
...scared stock traders...
...giant Cigna, Potter turned against his old colleagues in June to testify before a congressional committee about what he viewed as the health-insurance industry's "duplicitous" behavior in the current health-reform debate. In his testimony, Potter outlined specific techniques insurers employ to "dump the sick" and protect stock price at all costs. His testimony was logical, specific and convincing, but that's only part of what makes Wendell Potter a perfect turncoat in the eyes of the pro-reform movement. (Watch an interview with Potter on CNNMoney...