Finance

Dissecting the Insider Trading Patterns of Endo International plc (ENDP)

Recent insider trends for Endo International plc (NASDAQ:ENDP) have caught the attention of investors. Analysts monitor insider data to understand the sentiment of a company’s largest and most important shareholders. ENDP’s insider trading patterns have some implications for where the stock might be headed.

Institutions own 92.64% of Endo International plc (ENDP)’s shares. The total value of these holdings, in millions, is $1,308. Among active positions in the latest quarter, 124 holders increased their positions by a total of 29.69 million shares, 111 holders decreased the positions by a total of 31.54 million shares, and 33 holders held their positions. This works out to a net decrease in ownership of 1.85 million shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 28 holders initiated new positions by a total of 1.72 million shares and 42 holders exited their positions by a total of 9.34 million shares. This nets out to a decrease of 7.61 million shares and is another bearish sign for ENDP.

In the last three months, insiders executed a total of 1 trades. 1 were sells. Insider ownership decreased by a total of 372 shares, which suggests that ENDP’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 25 buys and 24 sells, and ownership increased by a net of 1.35 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. Endo International plc (NASDAQ:ENDP)’s short interest is 22.99 million shares, or 12.43% of the float. This represents an increase of 6% 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.

Given what the insider ownership patterns are saying, it makes sense to consider the technicals to see if these pieces of information reach the same conclusion about the outlook for ENDP. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that ENDP is a sell, which implies that ENDP is expected to underperform 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 Endo International plc (NASDAQ:ENDP) is overvalued.

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