Weekly Insider Sells Highlight: FRX, AXP, WFC, BBT, VECO

According to GuruFocus Insider Data, the largest insider sells during the past week were: Forest Laboratories Inc., American Express Co., Wells Fargo & Co., BB&T Corp and Veeco Instruments Inc.

The overall trend of insiders is illustrated in the chart below:

Forest Laboratories, Inc. (FRX): Director Howard Solomon sold 250,000 Shares

Director Howard Solomon sold 250,000 shares of FRX stock on 01/23/2014 at the average price of $67.13. Howard Solomon owns at least 714,881 shares after this. The price of the stock has decreased by 3.25% since.

Forest Laboratories, Inc. is a Delaware corporation organized in 1956. Forest Laboratories, Inc. has a market cap of $17.5 billion; its shares were traded at around $64.95 with and P/S ratio of 5.39.

Forest Laboratories recently released its fiscal third quarter 2014 results. Diluted GAAP EPS were $0.07 and non-GAAP EPS were $0.27. This compares to a GAAP net loss of $0.58 per share in the third quarter of 2013. Third quarter net sales increased 24.9% to $846.8 million.

SVP-Sales Jerome Lynch sold 135,625 shares of FRX stock on 01/22/2014 at the average price of $67.28.

American Express Co (AXP): EVP, Advertising John D Hayes sold 159,370 Shares

EVP, Advertising John D Hayes sold 159,370 shares of AXP stock on 01/22/2014 at the average price of $90.88. John D Hayes owns at least 81,661 shares after this. The price of the stock has decreased by 4.32% since.

American Express Co was founded in 1850 as a joint stock association and was incorporated in 1965 as a New York corporation. American Express Co has a market cap of $93.15 billion; its shares were traded at around $86.95 with a P/E ratio of 20.50 and P/S ratio of 2.93. The dividend yield of American Express Co stocks is 1.02%. American Express Co had an annual average earnings growth of 9.40% over the past 10 years. GuruFocus rated American Express Co the business predictability rank of 2-star.

Wells Fargo & Co (WFC): Senior Executive VP & CFO Timothy J Sloan Sold 75,000 Shares

Senior Executive VP & CFO Timothy J Sloan sold 75,000 shares of WFC stock on 01/24/2014 at the average price of $45.84. Timothy J Sloan owns at least 314,873 shares after this. The price of the stock has decreased by 0.79% since.

Wells Fargo & Co is a corporation organized under the laws of Delaware and a financial holding company and a bank holding company registered under the Bank Holding Company Act of 1956, as amended. Wells Fargo & Co has a market cap of $239.57 billion; its shares were traded at around $45.48 with a P/E ratio of 12.00 and P/S ratio of 2.87. The dividend yield of Wells Fargo & Co stocks is 2.53%. Wells Fargo & Co had an annual average earnings growth of 3.70% over the past 10 years.