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MarketAxess Holdings Inc. (MKTX) Chairman & CEO Richard M Mcvey sells 80,000 Shares

November 12, 2010 | About:
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insider

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Chairman & CEO of MarketAxess Holdings Inc. (MKTX) Richard M Mcvey sells 80,000 shares of MKTX on 11/12/2010 at an average price of $18.54 a share.

Marketaxess Holdings Inc. has a market cap of $593.9 million; its shares were traded at around $18.46 with a P/E ratio of 25 and P/S ratio of 5.2. The dividend yield of Marketaxess Holdings Inc. stocks is 1.5%. Marketaxess Holdings Inc. had an annual average earning growth of 2.6% over the past 5 years.

MKTX is in the portfolios of John Keeley of Keeley Fund Management, RS Investment Management, Chuck Royce of Royce& Associates, PRIMECAP Management, George Soros of Soros Fund Management LLC, Jim Simons of Renaissance Technologies LLC.


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




Directors and Officers Recent Trades:


  • Buy: President T Kelley Millet bought 2,000 shares of MKTX stock on 05/25/2010 at the average price of 13.86. T Kelley Millet owns at least 325,531 shares after this. The price of the stock has increased by 33.19% since.

  • Buy: Director Roger Burkhardt bought 4,000 shares of MKTX stock on 05/24/2010 at the average price of 14.67. Roger Burkhardt owns at least 16,903 shares after this. The price of the stock has increased by 25.84% since.

  • Sell: See Remarks James N B Rucker sold 14,265 shares of MKTX stock on 11/04/2010 at the average price of 18.75. James N B Rucker owns at least 152,565 shares after this. The price of the stock has decreased by 1.55% 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: 3.6/5 (5 votes)

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