Senior V.P. & CFO of Tesco Corp. (TESO) Robert L Kayl buys 5,000 shares of TESO on 08/31/2010 at an average price of $9.81 a share.

Tesco Corp. has a market cap of $397.1 million; its shares were traded at around $10.51 with a P/E ratio of 70.1 and P/S ratio of 1.1.

TESO is in the portfolios of Chuck Royce of Royce& Associates, Columbia Wanger of Columbia Wanger Asset Management, Jim Simons of Renaissance Technologies LLC.

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

CEO Recent Trades:

• Sell: President and CEO Julio M Quintana sold 2,642 shares of TESO stock on 06/08/2010 at the average price of 10.06. Julio M Quintana owns at least 78,377 shares after this. The price of the stock has increased by 4.47% since.

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

Directors and Officers Recent Trades:

• Sell: Sr. VP, Gen. Coun.& Corp. Sec. James A Lank sold 3,432 shares of TESO stock on 06/14/2010 at the average price of 11.26. The price of the stock has decreased by 6.66% since.


• Sell: Sr. V.P., Operations Jeffrey L Foster sold 3,033 shares of TESO stock on 06/11/2010 at the average price of 11.01. Jeffrey L Foster owns at least 4,488 shares after this. The price of the stock has decreased by 4.54% since.


• Sell: Sr. VP, Gen. Coun.& Corp. Sec. James A Lank sold 4,800 shares of TESO stock on 06/10/2010 at the average price of 10.9. James A Lank owns at least 3,432 shares after this. The price of the stock has decreased by 3.58% since.


• Sell: Sr. VP, Mrkt & Bus. Dev. Fernando Rafael Assing sold 947 shares of TESO stock on 05/18/2010 at the average price of 12.41. Fernando Rafael Assing owns at least 4,090 shares after this. The price of the stock has decreased by 15.31% 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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