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Pixelworks Inc. (PXLW) CEO Bruce A Walicek buys 15,000 Shares

August 31, 2010 | About:
insider

insider

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President and CEO of Pixelworks Inc. (PXLW) Bruce A Walicek buys 15,000 shares of PXLW on 08/31/2010 at an average price of $2.69 a share.

Pixelworks Inc. has a market cap of $35.6 million; its shares were traded at around $2.64 with a P/E ratio of 13.9 and P/S ratio of 0.6.

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

CFO Recent Trades:


  • Buy: VP, CFO & Treasurer Steven L Moore bought 11,000 shares of PXLW stock on 08/13/2010 at the average price of 2.82. Steven L Moore owns at least 52,421 shares after this. The price of the stock has decreased by 6.38% since.



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




Directors and Officers Recent Trades:


  • Buy: Director C Scott Gibson bought 15,873 shares of PXLW stock on 08/05/2010 at the average price of 3.15. C Scott Gibson owns at least 47,539 shares after this. The price of the stock has decreased by 16.19% since.

  • Buy: Director C Scott Gibson bought 3,900 shares of PXLW stock on 04/30/2010 at the average price of 5.1. C Scott Gibson owns at least 23,666 shares after this. The price of the stock has decreased by 48.24% 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


Rating: 5.0/5 (2 votes)

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