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iMergent Inc (IIG) CEO Steven G Mihaylo buys 4,600 Shares

September 14, 2010 | About:
insider

insider

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CEO, 10% Owner of iMergent Inc (IIG) Steven G Mihaylo buys 4,600 shares of IIG on 09/13/2010 at an average price of $4.19 a share.

Imergent Inc has a market cap of $47.9 million; its shares were traded at around $4.2 with a P/E ratio of 32.3 and P/S ratio of 0.5. The dividend yield of Imergent Inc stocks is 1.9%.

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

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


CEO Recent Trades:


  • Buy: CEO, 10% Owner Steven G Mihaylo bought 4,400 shares of IIG stock on 09/13/2010 at the average price of 4.2. Steven G Mihaylo owns at least 3,716,400 shares after this. The price of the stock has decreased by 0% since.

  • Buy: CEO, 10% Owner Steven G Mihaylo bought 32,000 shares of IIG stock on 09/03/2010 at the average price of 3.94. Steven G Mihaylo owns at least 3,712,000 shares after this. The price of the stock has increased by 6.6% since.

  • Buy: CEO, 10% Owner Steven G Mihaylo bought 120,000 shares of IIG stock on 09/02/2010 at the average price of 3.71. Steven G Mihaylo owns at least 3,680,000 shares after this. The price of the stock has increased by 13.21% since.

  • Buy: CEO, 10% Owner Steven G Mihaylo bought 10,000 shares of IIG stock on 08/30/2010 at the average price of 3.7. Steven G Mihaylo owns at least 3,560,000 shares after this. The price of the stock has increased by 13.51% since.

  • Buy: CEO, 10% Owner Steven G Mihaylo bought 10,000 shares of IIG stock on 08/26/2010 at the average price of 3.7. Steven G Mihaylo owns at least 3,550,000 shares after this. The price of the stock has increased by 13.51% since.



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




Directors and Officers Recent Trades:


  • Buy: Director Anil K. Puri bought 1,000 shares of IIG stock on 09/08/2010 at the average price of 4.26. Anil K. Puri owns at least 2,137 shares after this. The price of the stock has decreased by 1.41% since.

  • Sell: Senior Vice President Clint Sanderson sold 165 shares of IIG stock on 05/19/2010 at the average price of 4.26. Clint Sanderson owns at least 4,354 shares after this. The price of the stock has decreased by 1.41% since.

  • Sell: Senior Vice President Clint Sanderson sold 165 shares of IIG stock on 04/19/2010 at the average price of 6.5. Clint Sanderson owns at least 4,185 shares after this. The price of the stock has decreased by 35.38% since.

  • Sell: Senior Vice President Clint Sanderson sold 165 shares of IIG stock on 03/19/2010 at the average price of 6.81. Clint Sanderson owns at least 4,016 shares after this. The price of the stock has decreased by 38.33% 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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