Recent insider trends for DISH Network Corporation (NASDAQ:DISH) have caught the attention of investors. Insider activity is often a strong indicator of future performance in a stock, and if the data on DISH is anything to go by, investors should pay attention.
Institutions own 101.53% of DISH Network Corporation (DISH)’s shares. The total value of these holdings, in millions, is $11,580. Among active positions in the latest quarter, 215 holders increased their positions by a total of 14.1 million shares, 195 holders decreased the positions by a total of 16.21 million shares, and 67 holders held their positions. This works out to a net decrease in ownership of 2.12 million shares, and suggests that institutions are feeling bearish about the stock.
Among new and sold out positions, 44 holders initiated new positions by a total of 1.9 million shares and 49 holders exited their positions by a total of 3.36 million shares. This nets out to a decrease of 1.46 million shares and is another bearish sign for DISH.
In the last three months, insiders executed a total of 4 trades. 4 were sells. Insider ownership decreased by a total of 1110 shares, which suggests that DISH’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 1 buys and 17 sells, and ownership decreased by a net of 279600 shares.
Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. DISH Network Corporation (NASDAQ:DISH)’s short interest is 14.86 million shares, or 6.77% of the float. This represents a decrease of -0% in the number of shares being shorted compared to the previous reading, and implies that investors felt less 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 DISH is a Weak sell, which implies that DISH is expected to underperform 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 bearish. Technical indicators (also) suggest that DISH Network Corporation (NASDAQ:DISH) is overvalued.