Market Digest: BRO, BRO

Summary

Since the mid-1970s, Vickers Stock Research has been a leader in tracking data related to Insider and Institutional ownership. Over those many years, Vickers also has developed metrics for interpreting ownership data and those metrics occasionally are reviewed to assure they align with current habits of insiders and institutional owners, the reporting requirements placed on those owners by the SEC, the ever-growing volume of transactions, etc. Our most-recent such review has resulted in a change to Vickers' sell/buy ratios, this based on a comparison of average data from 1974 through 2000; 2000 through 2010; and finally 2010 until now. As a result of this study, the ranges for the sell/buy ratios are being modified as follows. The previous bullish range for a sell/buy ratio was 2.00 or below, and that will not change. The previous neutral range for a sell/buy ratio was 2.00 to 2.50, and that will expand to 2.00 to 6.00. The previous bearish range for a sell/buy ratio was 2.50 or higher, and that will change to 6.00 or higher. With the new ratio bands in mind, we note that all of the current major eight-week ratios from Vickers are in the neutral range: 4.02 for the Total Eight-Week Sell/Buy Ratio; 5.40 for the NYSE eight-week ratio; and 3.48 for the NYSE eight-week ratio. On a s