Chairman of the Board, 10% Owner of Culp Inc. (CFI) Robert G Iii Culp sells 5,976 shares of CFI on 07/13/2010 at an average price of $12 a share.

Culp Inc. has a market cap of $156.3 million; its shares were traded at around $11.98 with a P/E ratio of 12.3 and P/S ratio of 0.7.

CFI is in the portfolios of Jim Simons of Renaissance Technologies LLC.


This is the insider trade history vs. stock price of CFI. For the complete insider trading history of CFI, click here.

Directors and Officers Recent Trades:

• Sell: President, Culp Home Fashions Robert George Iv Culp sold 4,774 shares of CFI stock on 07/06/2010 at the average price of 11.14. Robert George Iv Culp owns at least 59,923 shares after this. The price of the stock has increased by 7.54% since.


• Sell: Chairman of the Board, 10% Owner Robert G Culp Iii sold 15,000 shares of CFI stock on 07/06/2010 at the average price of 11.05. Robert G Culp Iii owns at least 2,080,200 shares after this. The price of the stock has increased by 8.42% since.


• Sell: Chairmand of the Board, 10% Owner Robert G Culp Iii sold 31,043 shares of CFI stock on 06/28/2010 at the average price of 12.2. Robert G Culp Iii owns at least 2,095,200 shares after this. The price of the stock has decreased by 1.8% since.


• Sell: Chairman of the Board, 10% Owner Robert G Culp Iii sold 300 shares of CFI stock on 06/24/2010 at the average price of 12.5. Robert G Culp Iii owns at least 2,126,243 shares after this. The price of the stock has decreased by 4.16% since.


• Sell: Chairman of the Board, 10% Owner Robert G Culp Iii sold 3,900 shares of CFI stock on 06/22/2010 at the average price of 12.59. Robert G Culp Iii owns at least 2,126,857 shares after this. The price of the stock has decreased by 4.85% since.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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