Finance

Reviewing the Insider Trends for MannKind Corporation (MNKD)

Recent insider trends for MannKind Corporation (NASDAQ:MNKD) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of MNKD, the data has a lot to say about how the stock might perform going forward.

Institutions own 14.99% of MannKind Corporation (MNKD)’s shares. The total value of these holdings, in millions, is $49. Among active positions in the latest quarter, 44 holders increased their positions by a total of 6.69 million shares, 40 holders decreased the positions by a total of 6.48 million shares, and 27 holders held their positions. This works out to a net increase in ownership of 211114 shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 22 holders initiated new positions by a total of 2.16 million shares and 14 holders exited their positions by a total of 3.61 million shares. This nets out to a decrease of 1.45 million shares and is another bearish sign for MNKD.

In the last three months, insiders executed a total of 3 trades. 3 of these were buys. Insider ownership increased by a total of 47840 shares, which suggests that MNKD’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 7 buys and 13 sells, and ownership increased by a net of 315490 shares.



Analysts often look at short interest, or the number of shares currently being shorted by investors, to aid in their outlook for a particular stock. MannKind Corporation (NASDAQ:MNKD)’s short interest is 34.43 million shares, or 36.37% of the float. This represents an increase of 4% 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.

In light of the insider ownership and trading data it makes sense to consider technicals to see if they come to a similar conclusion about the outlook for MNKD. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that MNKD is a Weak buy, which implies that MNKD 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 bullish. Technical indicators (also) suggest that MannKind Corporation (NASDAQ:MNKD) is undervalued.

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