Finance

Analyzing the Insider Data for Civeo Corporation (CVEO)

Recent insider trends for Civeo Corporation (NYSE:CVEO) have caught the attention of investors. Insider activity is often a strong indicator of future performance in a stock, and if the data on CVEO is anything to go by, investors should pay attention.

Institutions own 79.49% of Civeo Corporation (CVEO)’s shares. The total value of these holdings, in millions, is $343. Among active positions in the latest quarter, 54 holders increased their positions by a total of 8.79 million shares, 35 holders decreased the positions by a total of 4.76 million shares, and 25 holders held their positions. This works out to a net increase in ownership of 4.04 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 17 holders initiated new positions by a total of 1.07 million shares and 6 holders exited their positions by a total of 721069 shares. This nets out to an increase of 347892 shares and is a bullish sign for CVEO.

In the last three months, insiders executed a total of 5 trades. 1 of these were buys and 4 were sells. Insider ownership decreased by a total of 127024 shares, which suggests that CVEO’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a different story: insiders executed 13 buys and 15 sells, and ownership increased by a net of 8840 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. Civeo Corporation (NYSE:CVEO)’s short interest is 1.13 million shares, or 0.98% of the float. This represents an increase of 3% 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.

Ownership trends and trading patterns can be useful tools for predicting a stock’s performance, but it’s also important to consider the technicals in order to form a more comprehensive view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that CVEO is a buy, which implies that CVEO is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bearish. Technical indicators (also) suggest that Civeo Corporation (NYSE:CVEO) is undervalued.

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