Insider Trading Buzz: Sothebys (BID)

Sothebys (NYSE:BID) insider has recently participated in insider trading activity. Interim CFO, WEIBLING DENNIS M bought 2,000 shares for $ 39,937 via one transaction Feb 12. Following the transaction, the insider now owns 67,000 shares in total, priced at $ 1478690 as of Tuesday. Another notable insider trading was done by the same insider on Feb 11. WEIBLING DENNIS M acquired 2,000 shares at an average price of $20.01 for a total of $ 40,017. Moreover, this insider carried out a sale of 2,000 shares at $23.29 each on Feb 08. The transaction amounted to $ 46,584. The insider also sold 2,000         shares for $ 47,953 through one transaction Feb 05.

The stock has experienced a total of 16 insider trades in the past three months. These trades include 0 sell activities and 16 buy trades. Furthermore, over the past 12 months, the stock was traded 62 times by insiders. In 18 of these trades, the insider was a seller while an employee of the company was the buyer in just 44 instances.

On February 12, 2016, Sothebys (BID) will be holding its fourth quarter ended 31 December 2015 earnings conference call on Friday, 26 February 2016 at 9:00 AM EST. The call will be hosted by Tad Smith, President and Chief Executive Officer, and Dennis Weibling, Interim Chief Financial Officer.  The call will consist of a brief discussion by the Company followed by a question and answer period.

Domestic callers should dial 888-371-8897 and international callers should dial 970-315-0479.  The call reservation number is 51884046.  Please establish a line approximately 10 minutes prior to the scheduled start of the call.

To listen to the conference call via web cast, please go to: http://investor.shareholder.com/bid/events.cfm.   You will need Windows Media Player or Real Player to access the call.  Please download either of these programs before the call begins.

Sotheby’s operates as an auctioneer of authenticated fine art, decorative art, and jewelry in the United States, the United Kingdom, China, France, Switzerland, and internationally. The company operates through two segments, Agency and Finance. The Agency segment accepts property on consignment; and matches buyers and sellers of authenticated fine art, decorative art, and jewelry through the auction or private sale process. It is also involved in the purchase and sale of artworks; and operation of an auction house for investment-quality automobiles.