CFO of ElectroOptical Sciences Inc (MELA) Richard I Steinhart buys 1,000 shares of MELA on 08/12/2010 at an average price of $6.32 a share.

Electrooptical Sciences Inc has a market cap of $140.4 million; its shares were traded at around $6.1 .

MELA is in the portfolios of Chuck Royce of Royce& Associates.

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

CEO Recent Trades:

• Buy: CEO & President Joseph V Gulfo bought 5,000 shares of MELA stock on 08/12/2010 at the average price of 6.08. Joseph V Gulfo owns at least 116,853 shares after this. The price of the stock has increased by 0.33% since.


• Buy: CEO & President Joseph V Gulfo bought 5,000 shares of MELA stock on 08/12/2010 at the average price of 6.24. Joseph V Gulfo owns at least 121,853 shares after this. The price of the stock has decreased by 2.24% since.

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

Directors and Officers Recent Trades:

• Buy: Acting COO Gerald D Wagner bought 1,300 shares of MELA stock on 06/08/2010 at the average price of 7.65. Gerald D Wagner owns at least 20,700 shares after this. The price of the stock has decreased by 20.26% since.


• Buy: Director Anne M Egger bought 1,350 shares of MELA stock on 06/03/2010 at the average price of 7.54. Anne M Egger owns at least 3,350 shares after this. The price of the stock has decreased by 19.1% since.


• Buy: Director Anne M Egger bought 1,000 shares of MELA stock on 03/12/2010 at the average price of 9.36. Anne M Egger owns at least 2,000 shares after this. The price of the stock has decreased by 34.83% 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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