VP, CFO of Cytec Industries Inc. (CYT) David M Drillock sells 12,656 shares of CYT on 07/27/2010 at an average price of $51.79 a share.

Cytec Industries Inc. has a market cap of $2.47 billion; its shares were traded at around $50.35 with a P/E ratio of 16.5 and P/S ratio of 0.9. The dividend yield of Cytec Industries Inc. stocks is 0.1%.

CYT is in the portfolios of Kenneth Fisher of Fisher Asset Management, LLC, Jim Simons of Renaissance Technologies LLC, Chuck Royce of Royce& Associates, Steven Cohen of SAC Capital Advisors, Jeremy Grantham of GMO LLC.


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

Directors and Officers Recent Trades:

• Buy: VP, Human Resources M Regina Charles bought 368 shares of CYT stock on 02/16/2010 at the average price of 40.55. M Regina Charles owns at least 3,719 shares after this. The price of the stock has increased by 24.17% since.


• Sell: VP Corp & Bus Development William N Avrin sold 5,000 shares of CYT stock on 07/23/2010 at the average price of 51. William N Avrin owns at least 25,476 shares after this. The price of the stock has decreased by 1.27% since.


• Sell: VP Corp & Bus Development William N Avrin sold 10,000 shares of CYT stock on 07/22/2010 at the average price of 50.1. William N Avrin owns at least 25,476 shares after this. The price of the stock has increased by 0.5% since.


• Sell: Director Jerry R Satrum sold 4,500 shares of CYT stock on 04/29/2010 at the average price of 50.2. Jerry R Satrum owns at least 34,511 shares after this. The price of the stock has increased by 0.3% since.


• Sell: Director William P Powell sold 4,500 shares of CYT stock on 02/24/2010 at the average price of 42.33. William P Powell owns at least 12,177 shares after this. The price of the stock has increased by 18.95% 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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