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UTStarcom Inc. (UTSI) CEO & President Peter Blackmore sells 5,076 Shares

August 05, 2010 | About:
insider

insider

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CEO & President of UTStarcom Inc. (UTSI) Peter Blackmore sells 5,076 shares of UTSI on 08/03/2010 at an average price of $2.04 a share.

Utstarcom Inc. has a market cap of $286.7 million; its shares were traded at around $2.18 with and P/S ratio of 0.7.

UTSI is in the portfolios of Chuck Royce of Royce& Associates, Jim Simons of Renaissance Technologies LLC, Charles Brandes of Brandes Investment.

This is the annual revenues and earnings per share of UTSI over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of UTSI.


CEO Recent Trades:


  • Sell: CEO & President Peter Blackmore sold 145,018 shares of UTSI stock on 08/03/2010 at the average price of 2.07. Peter Blackmore owns at least 1,021,048 shares after this. The price of the stock has increased by 5.31% since.

  • Sell: CEO & President Peter Blackmore sold 94,013 shares of UTSI stock on 03/02/2010 at the average price of 2.06. Peter Blackmore owns at least 1,078,566 shares after this. The price of the stock has increased by 5.83% since.


CFO Recent Trades:


  • Sell: Int CFO, VP, Controller & CAO Viraj J Patel sold 29,995 shares of UTSI stock on 03/02/2010 at the average price of 2.06. Viraj J Patel owns at least 63,846 shares after this. The price of the stock has increased by 5.83% since.



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




Directors and Officers Recent Trades:


  • Sell: Director Hong Liang Lu sold 58,543 shares of UTSI stock on 06/03/2010 at the average price of 2.01. Hong Liang Lu owns at least 3,019,373 shares after this. The price of the stock has increased by 8.46% since.

  • Sell: Director Hong Liang Lu sold 30,000 shares of UTSI stock on 05/28/2010 at the average price of 2.08. Hong Liang Lu owns at least 3,077,916 shares after this. The price of the stock has increased by 4.81% since.

  • Sell: Director Hong Liang Lu sold 60,000 shares of UTSI stock on 05/27/2010 at the average price of 2.07. Hong Liang Lu owns at least 3,107,916 shares after this. The price of the stock has increased by 5.31% since.

  • Sell: Director Hong Liang Lu sold 158,497 shares of UTSI stock on 03/08/2010 at the average price of 2. Hong Liang Lu owns at least 3,167,916 shares after this. The price of the stock has increased by 9% since.


About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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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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