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Whitney Holding Corp. (WTNY) CEO John C Iii Hope buys 10,000 Shares

August 12, 2010 | About:
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insider

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Chairman of the Board and CEO of Whitney Holding Corp. (WTNY) John C Iii Hope buys 10,000 shares of WTNY on 08/11/2010 at an average price of $8 a share.

Whitney Holding Corp. has a market cap of $770.8 million; its shares were traded at around $7.99 with and P/S ratio of 1.2. The dividend yield of Whitney Holding Corp. stocks is 0.5%.

WTNY is in the portfolios of RS Investment Management, Columbia Wanger of Columbia Wanger Asset Management, Bruce Kovner of Caxton Associates, Steven Cohen of SAC Capital Advisors, Jim Simons of Renaissance Technologies LLC, Chuck Royce of Royce& Associates.


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




Directors and Officers Recent Trades:


  • Buy: Director Terence E Hall bought 10,000 shares of WTNY stock on 08/04/2010 at the average price of 8.85. Terence E Hall owns at least 31,520 shares after this. The price of the stock has decreased by 9.72% since.

  • Buy: Director Angus R Cooper Ii bought 100,000 shares of WTNY stock on 07/30/2010 at the average price of 8.01. Angus R Cooper Ii owns at least 830,848 shares after this. The price of the stock has decreased by 0.25% since.

  • Buy: Director Terence E Hall bought 3,500 shares of WTNY stock on 02/25/2010 at the average price of 13.17. Terence E Hall owns at least 18,276 shares after this. The price of the stock has decreased by 39.33% since.

  • Sell: Director R King Milling sold 4,500 shares of WTNY stock on 08/02/2010 at the average price of 8.29. R King Milling owns at least 301,821 shares after this. The price of the stock has decreased by 3.62% 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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