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Saia Inc. (SAIA) President & CEO of Saia Richard D Odell sells 5,017 Shares

September 07, 2010 | About:
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insider

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President & CEO of Saia of Saia Inc. (SAIA) Richard D Odell sells 5,017 shares of SAIA on 09/02/2010 at an average price of $12.32 a share.

Saia Inc. has a market cap of $199.8 million; its shares were traded at around $12.58 with and P/S ratio of 0.24.

SAIA is in the portfolios of Diamond Hill Capital of Diamond Hill Capital Management Inc, Charles Brandes of Brandes Investment.


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




Directors and Officers Recent Trades:


  • Sell: Director Herbert A Trucksess Iii sold 10,000 shares of SAIA stock on 08/02/2010 at the average price of 15.1. Herbert A Trucksess Iii owns at least 316,982 shares after this. The price of the stock has decreased by 16.69% since.

  • Sell: VP Marketing/Customer Service Sally R Buchholz sold 865 shares of SAIA stock on 05/13/2010 at the average price of 17.12. Sally R Buchholz owns at least 4,938 shares after this. The price of the stock has decreased by 26.52% since.

  • Sell: Vice President of IT Mark H Robinson sold 1,794 shares of SAIA stock on 05/12/2010 at the average price of 17.41. Mark H Robinson owns at least 7,340 shares after this. The price of the stock has decreased by 27.74% 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: 3.8/5 (4 votes)

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