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Crown Castle International Corp. (CCI) President & CEO W Benjamin Moreland sells 8,356 Shares

September 23, 2010 | About:
insider

insider

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President & CEO of Crown Castle International Corp. (CCI) W Benjamin Moreland sells 8,356 shares of CCI on 09/21/2010 at an average price of $43 a share.

Crown Castle International Corp. has a market cap of $12.4 billion; its shares were traded at around $42.71 with and P/S ratio of 7.3. Crown Castle International Corp. had an annual average earning growth of 10% over the past 10 years. GuruFocus rated Crown Castle International Corp. the business predictability rank of 2.5-star.

CCI is in the portfolios of John Griffin of Blue Ridge Capital, Steve Mandel of Lone Pine Capital, Columbia Wanger of Columbia Wanger Asset Management, Bill Gates of Bill & Melinda Gates Foundation Trust, Manning & Napier Advisors, Inc, Jim Simons of Renaissance Technologies LLC, Bruce Kovner of Caxton Associates, Steven Cohen of SAC Capital Advisors, Chris Davis of Davis Selected Advisers, Jeremy Grantham of GMO LLC, George Soros of Soros Fund Management LLC, Jean-Marie Eveillard of First Eagle Investment Management, LLC.


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




Directors and Officers Recent Trades:


  • Sell: Director Dale N Hatfield sold 25,000 shares of CCI stock on 09/07/2010 at the average price of 41.84. Dale N Hatfield owns at least 49,948 shares after this. The price of the stock has increased by 2.08% since.

  • Sell: V.P. & Corporate Controller Rob A Fisher sold 12,000 shares of CCI stock on 09/03/2010 at the average price of 42. Rob A Fisher owns at least 90,832 shares after this. The price of the stock has increased by 1.69% since.

  • Sell: Director David C Abrams sold 867,301 shares of CCI stock on 08/27/2010 at the average price of 40.99. David C Abrams owns at least 2,714,302 shares after this. The price of the stock has increased by 4.2% since.

  • Sell: Director David C Abrams sold 16,500 shares of CCI stock on 08/23/2010 at the average price of 41. David C Abrams owns at least 3,581,603 shares after this. The price of the stock has increased by 4.17% since.

  • Sell: Director David C Abrams sold 2,099,748 shares of CCI stock on 08/18/2010 at the average price of 40. David C Abrams owns at least 3,598,103 shares after this. The price of the stock has increased by 6.77% 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: 2.9/5 (7 votes)

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