VP & CFO of Esterline Technologies Corp. (ESL) Robert David George sells 10,000 shares of ESL on 09/30/2010 at an average price of $57.78 a share.

Esterline Technologies Corp. has a market cap of $1.72 billion; its shares were traded at around $57.26 with a P/E ratio of 14.4 and P/S ratio of 1.2. Esterline Technologies Corp. had an annual average earning growth of 9.3% over the past 10 years.

ESL is in the portfolios of David Dreman of Dreman Value Management, Kenneth Fisher of Fisher Asset Management, LLC, Bruce Kovner of Caxton Associates, George Soros of Soros Fund Management LLC, Steven Cohen of SAC Capital Advisors.


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

Directors and Officers Recent Trades:

• Buy: Director Paul V Haack bought 4,000 shares of ESL stock on 06/08/2010 at the average price of 47.72. Paul V Haack owns at least 10,931 shares after this. The price of the stock has increased by 19.99% since.


• Sell: Director Robert W Cremin sold 10,000 shares of ESL stock on 09/29/2010 at the average price of 57.01. Robert W Cremin owns at least 5,636 shares after this. The price of the stock has increased by 0.44% since.


• Sell: Director Robert W Cremin sold 15,000 shares of ESL stock on 09/24/2010 at the average price of 56.56. Robert W Cremin owns at least 5,636 shares after this. The price of the stock has increased by 1.24% since.


• Sell: Director Robert W Cremin sold 30,000 shares of ESL stock on 09/24/2010 at the average price of 56.56. Robert W Cremin owns at least 5,636 shares after this. The price of the stock has increased by 1.24% since.


• Sell: Director Robert W Cremin sold 15,000 shares of ESL stock on 09/23/2010 at the average price of 54.91. Robert W Cremin owns at least 5,636 shares after this. The price of the stock has increased by 4.28% 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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