Insiders are Trading Shares of These S&P 500 Companies in February

Wall St. Watchdog reveals information about insider trades in the constituent companies of the S&P 500 in February:

Nikesh Arora who is SVP and Chief Business Officer at Google Inc. (NASDAQ:GOOG), sold 982 shares at $600.00 per share for a total value of $589,200. The shares recently traded at $606.77, up $6.77, or 1.13% since the insider sale.

Verizon (VZ,VOD) is offering a buy one, get one free deal on Motorola’s (NYSE:MMI) Droid Razr smartphones, The LA Times reported last night.

John Eii Kelly who is Senior Vice President at International Business Machines Corp. (NYSE:IBM), sold 6,000 shares at $192.39 per share for a total value of $1,154,340. The shares recently traded at $193.35, up $0.96, or 0.5% since the insider sale.

Global IT spending increased 5% in 2011, according to Cnet, which cited an IDC report that was released yesterday.

James J Kavanaugh who is VP, Controller at International Business Machines Corp. (NYSE:IBM), sold 12,406 shares at $192.21 per share for a total value of $2,384,567. The shares recently traded at $193.35, up $1.14, or 0.59% since the insider sale.

Global IT spending increased 5% in 2011, according to Cnet, which cited an IDC report that was released yesterday.

Scott D Cook who is Director at eBay Inc. (NASDAQ:EBAY), sold 120,000 shares at $32.63 per share for a total value of $3,915,456. The shares recently traded at $32.87, up $0.24, or 0.74% since the insider sale.

Facebook’s (FB) payments business is posed for major growth following its IPO filing, reports Forbes. Writer Tomio Geron adds that Facebook will likely move into more uses of digital goods, such as music and movies with more uses of Facebook Credits.

MasterCard Foundation which is 10% Owner at Mastercard Incorporated (NYSE:MA), sold 7,033 shares at $388.20 per share for a total value of $2,730,216. The shares recently traded at $392.91, up $4.71, or 1.21% since the insider sale.

MasterCard Incorporated announced that its Board of Directors has increased the company’s quarterly cash dividend to 30c per share, an increase of 100% over the previous dividend level of 15c per share. The cash dividend will be paid on May 9 to holders of record of its Class A common stock and Class B common stock as of April 9.

Robert W Blanchard who is VP Cntrlr Chf Acctg Offcr at National Oilwell Varco, Inc. (NYSE:NOV), sold 15,679 shares at $83.31 per share for a total value of $1,306,217. The shares recently traded at $82.11, down $1.2, or 1.44% since the insider sale.

William C Lemmer who is Sr Vice Pres & General Counsel at Cameron International Corporation (NYSE:CAM), sold 16,373 shares at $57.00 per share for a total value of $933,261. The shares recently traded at $57.3, up $0.3, or 0.53% since the insider sale.

24.4% of U.S. electricity came from gas, versus 42.8% from coal, during the 12 months through November, whereas in 2008, the figures were 21.4% and 48.2%, respectively, reported The Wall Street Journal. A comparison to a decade ago, when gas contributed 17.9% versus 49.8% from coal, further underscores the way in which cheap natural gas continues to pressure coal use and, by extension, coal miners.

Stephen W Wilson who is Executive Vice President at Avalonbay Communities Inc. (NYSE:AVB), sold 5,092 shares at $138.86 per share for a total value of $707,098. The shares recently traded at $136.99, down $1.87, or 1.35% since the insider sale.

Sujeet Chand who is Sr VP & Chief Tech. Officer at Rockwell Automation Inc. (NYSE:ROK), sold 23,650 shares at $81.16 per share for a total value of $1,919,425. The shares recently traded at $81.34, up $0.18, or 0.22% since the insider sale.

Jeanne M Moreno who is VP – Chief Information Officer at Snap-on Inc. (NYSE:SNA), sold 17,500 shares at $59.75 per share for a total value of $1,045,669. The shares recently traded at $59.84, up $0.09, or 0.15% since the insider sale.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com