Buy: Director Patrick G Enright bought 838,323 shares of JAZZ stock on 05/11/2010 at the average price of 8.35. Patrick G Enright owns at least 2,884,057 shares after this. The price of the stock has increased by 6.83% since.
Sell: President Robert M Myers sold 15,000 shares of JAZZ stock on 03/09/2010 at the average price of 11.46. Robert M Myers owns at least 137,923 shares after this. The price of the stock has decreased by 22.16% since.
Sell: SVP, GC and Secretary Carol A Gamble sold 14,467 shares of JAZZ stock on 03/09/2010 at the average price of 11.41. Carol A Gamble owns at least 18,492 shares after this. The price of the stock has decreased by 21.82% since.
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GuruFocus - Stock Picks and Market Insight of Gurus
Why CEOs Are Buying Stocks Of Their Own Companies?
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."
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.
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.
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