inside-analytics.com / Roundup for the largest European Directors' Dealings for the reporting week from 12 to 19-February-2012

Top 10 Largest Directors' Purchases:

1) LUKOIL OIL COMPANY
Insider: Fedun, Leonid A.
Insider Relation: Vice President
Transaction Date: 10 - 13-February-2012
Transaction Volume: 1.548 mln eur
Notes: Moscow, is indirect
Amount of shares bought: 34,039
Average buying price: 45.49 eur
Last Price vs. buying price: +4.59%

2) YIT CORP
Insider: Herlin, Antti
Insider Relation: Director
Transaction Date: 10 - 15-February-2012
Transaction Volume: 0.953 mln eur
Notes: Helsinki, estimated price
Amount of shares bought: 60,000
Average buying price: 15.89 eur
Last Price vs. buying price: +2.47%

3) SKISTAR AB
Insider: Sjöholm, Magnus
Insider Relation: Executive Vice President
Transaction Date: 8 - 10-February-2012
Transaction Volume: 0.787 mln eur
Notes: Sweden, estimated price
Amount of shares bought: 76,000
Average buying price: 10.36 eur
Last Price vs. buying price: -0.65%

4) SKISTAR AB
Insider: Lindström, Mathias
Insider Relation: Management
Transaction Date: 10-February-2012
Transaction Volume: 0.445 mln eur
Notes: Sweden, estimated price
Amount of shares bought: 43,000
Average buying price: 10.34 eur
Last Price vs. buying price: -0.43%

5) BW OFFSHORE LTD
Insider: Arnet, Carl
Insider Relation: CEO
Transaction Date: 15-February-2012
Transaction Volume: 0.414 mln eur
Notes: Oslo
Amount of shares bought: 400,000
Average buying price: 1.04 eur
Last Price vs. buying price: +6.01%

6) SPECTRUM ASA
Insider: Stray Spetalen, Oystein
Insider Relation: Director, subsidiary
Transaction Date: 17-February-2012
Transaction Volume: 0.378 mln eur
Notes: Oslo
Amount of shares bought: 100,000
Average buying price: 3.78 eur
Last Price vs. buying price: +2.42%

7) INDESIT CO SPA
Insider: Merloni, Vittorio
Insider Relation: Chairman
Transaction Date: 13 - 16-February-2012
Transaction Volume: 0.338 mln eur
Notes:  Italian regulated market
Amount of shares bought: 80,000
Average buying price: 4.23 eur
Last Price vs. buying price: +2.35%

8) ACEA SPA
Insider: Caltagirone, Francesco Gaetano
Insider Relation: Independent Director
Transaction Date: 12-January-2012
Transaction Volume: 0.338 mln eur
Notes:  Italian regulated market
Amount of shares bought: 70,000
Average buying price: 4.83 eur
Last Price vs. buying price: +4.96%

9) AF GRUPPEN ASA
Insider: Thorstensen, Tore
Insider Relation: Chairman
Transaction Date: 15 - 16-February-2012
Transaction Volume: 0.286 mln eur
Notes: Oslo
Amount of shares bought: 45,428
Average buying price: 6.29 eur
Last Price vs. buying price: +7.19%

10) BIOKARPET SA
Insider: Tsiaras, Athanasios
Insider Relation: CEO
Transaction Date: 15-February-2012
Transaction Volume: 0.284 mln eur
Notes: private transaction, ATHEX
Amount of shares bought: 1,580,000
Average buying price: 0.18 eur
Last Price vs. buying price: +115.00%

Top 10 Largest Directors' Sells:

1) LVMH MOET HENNESSY L VUITTON
Insider: Bulgari, Paolo
Insider Relation: Auditor
Transaction Date: 7-February-2012
Transaction Volume: 236.550 mln eur
Notes: OTC
Amount of shares sold: 1,900,000
Average selling price: 124.50 eur
Last Price vs. selling price: +0.64%

2) SACYR VALLEHERMOSO SA
Insider: Del Rivero Asensio, Luis Fernando
Insider Relation: Chairman
Transaction Date: 27-October-2011 - 30-January-2012
Transaction Volume: 48.304 mln eur
Notes: Bolsa de Madrid
Amount of shares sold: 11,086,260
Average selling price: 4.36 eur
Last Price vs. selling price: -26.10%

3) LVMH MOET HENNESSY L VUITTON
Insider: Trapani, Francesco 
Insider Relation: Director
Transaction Date: 7-February-2012
Transaction Volume: 22.410 mln eur
Notes: OTC
Amount of shares sold: 180,000
Average selling price: 124.50 eur
Last Price vs. selling price: +0.64%

4) UMICORE
Insider: Leysen, Thomas
Insider Relation: Chairman
Transaction Date: 13-February-2012
Transaction Volume: 7.440 mln eur
Notes: Euronext Brussels
Amount of shares sold: 200,000
Average selling price: 37.20 eur
Last Price vs. selling price: +1.76%

5) SAIPEM SPA
Insider: Tali, Pietro Franco
Insider Relation: Chairman/CEO
Transaction Date: 14-February-2012
Transaction Volume: 4.604 mln eur
Notes: derivative market
Amount of shares sold: 124,450
Average selling price: 37.00 eur
Last Price vs. selling price: +1.92%

6) FIAT INDUSTRIAL SPA
Insider: Marchionne, Sergio
Insider Relation: Chairman
Transaction Date: 8-February-2012
Transaction Volume: 2.912 mln eur
Notes: tax related,  Italian regulated market
Amount of shares sold: 380,000
Average selling price: 7.66 eur
Last Price vs. selling price: +4.87%

7) ARM HOLDINGS PLC
Insider: Viana, Antonio
Insider Relation: Executive Vice President
Transaction Date: 10-February-2012
Transaction Volume: 2.788 mln eur
Notes: London
Amount of shares sold: 424,345
Average selling price: 6.57 eur
Last Price vs. selling price: +6.80%

8) PZ CORMAY SA
Insider: Tuora, Tomasz
Insider Relation: Chairman of the Management Board
Transaction Date: 10 - 13-February-2012
Transaction Volume: 2.051 mln eur
Notes: Warsaw Stock Exchange
Amount of shares sold: 539,000
Average selling price: 3.81 eur
Last Price vs. selling price: +2.39%

9) ARM HOLDINGS PLC
Insider: Parsons, Bill
Insider Relation: Executive Vice President
Transaction Date: 10 - 13-February-2012
Transaction Volume: 1.850 mln eur
Notes: London
Amount of shares sold: 271,688
Average selling price: 6.81 eur
Last Price vs. selling price: +3.04%

10) FIAT SPA
Insider: Marchionne, Sergio
Insider Relation: CEO
Transaction Date: 8-February-2012
Transaction Volume: 1.769 mln eur
Notes: tax related,  Italian regulated market
Amount of shares sold: 380,000
Average selling price: 4.66 eur
Last Price vs. selling price: +2.01%


About directors (corporate insiders):
Typically, directors (insiders) buy on weakness and sell on strength. Empirical evidence shows that directors' purchases tend to outperform the market while directors' sells tend to slightly underperform the market. Under certain circumstances, purchases or sells can lead to a strong price reaction. Directors' deals potentially convey private information to the market that has not already been discounted. In order to evaluate the conviction behind these transactions, 2iQ Research recommends to check the value of the trade, the hierarchical position of the insider, other dealings within the company, and also the news-flow.

About 2iQ:
2iQ Research (http://www.2iqresearch.com) specialises in behavioral finance analysis. The company tracks insider stock transactions, shareholdings and sharebuybacks and manages a database for professional investors at http://www.inside-analytics.com.

About the Directors' Dealings database (inside-analytics.com):
The database coverage totals 35 European countries, including the 15 established EU member states plus Finland, Poland, Switzerland, Norway, Turkey, Malta, Luxembourg, Czech Republic, Slovakia, Cyprus, Estonia, Latvia, Lithuania, Romania, Bulgaria, Hungary, Croatia, Slovenia, Iceland. More European countries will be added as soon as EU members implement the Transparency Directive 2004/109/EU of the European Parliament and of the Council. The site offers standardised data in real time and access to insider dealings across 6,000 companies and 35 European countries. In addition to searches and analysis by sector, country or customisable watch lists and email updates users can access the "Directors' Confidence Index", which is published bi-monthly in cooperation with the Financial Times Germany as "FTD-Insider-Index" - http://www.ftd.de/insider -. It reflects the confidence of European directors in their own shares, making it a valuable source of information for future stock market movements. Academic research proves that directors are excellent market timers.

European Directors' Dealings is available via real-time data feed, Email service, customizable webservice or via  standard web access. 

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Disclaimer:

Stock prices may rise or fall as directors buy or sell company shares.

This message is automatically generated by 2iQ Research GmbH, Frankfurt, Germany. 2iQ does not take any responsibility for the accuracy, completeness of this data. For terms of use please check: http://www.inside-analytics.com/terms.html. 

For this top10 statistics we do exclude transactions by issuers (sharebuybacks), parent companies, subsidiaries and affiliated companies.