Recent insider trends for Mylan N.V. (NASDAQ:MYL) have caught the attention of investors. Insider data is useful because it can reveal what a company’s executives and largest shareholders feel about a stock. In this case, the data has some interesting things to say about how MYL might perform in the future.
Institutions own 72.94% of Mylan N.V. (MYL)’s shares. The total value of these holdings, in millions, is $14,785. Among active positions in the latest quarter, 266 holders increased their positions by a total of 47.17 million shares, 275 holders decreased the positions by a total of 36.3 million shares, and 81 holders held their positions. This works out to a net increase in ownership of 10.87 million shares, and suggests that institutions are feeling bullish about the stock.
Among new and sold out positions, 54 holders initiated new positions by a total of 6.23 million shares and 81 holders exited their positions by a total of 11.31 million shares. This nets out to a decrease of 5.08 million shares and is another bearish sign for MYL.
Insider ownership increased by a total of 0 shares, which suggests that MYL’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a different story: insiders executed 1 buys and 25 sells, and ownership decreased by a net of 44.18 million shares.
Short interest is another tool that analysts use to gauge investor sentiment. It represents the number of a stock’s shares that are being shorted by investors. Mylan N.V. (NASDAQ:MYL)’s short interest is 26.53 million shares, or 5.29% of the float. This represents an increase of 17% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.
Supplementing insider data with technical indicators can help an investor form a more complete view on the outlook for a stock. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that MYL is a buy, which implies that MYL is expected to outperform the market based on prior trading patterns.
Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Mylan N.V. (NASDAQ:MYL) is undervalued.