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Jazz Pharmaceuticals Inc. (JAZZ) CEO Bruce C Cozadd buys 10,000 Shares

September 01, 2010 | About:
insider

insider

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Chairman and CEO of Jazz Pharmaceuticals Inc. (JAZZ) Bruce C Cozadd buys 10,000 shares of JAZZ on 08/31/2010 at an average price of $8.6 a share.

Jazz Pharmaceuticals Inc. has a market cap of $343.8 million; its shares were traded at around $8.92 with a P/E ratio of 21.7 and P/S ratio of 2.6.

JAZZ is in the portfolios of Bruce Kovner of Caxton Associates.


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




Directors and Officers Recent Trades:


  • 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.


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: 4.5/5 (2 votes)

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