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Hibbett Sports Inc. (HIBB) Executive Chairman Michael J Newsome sells 24,900 Shares

November 22, 2010 | About:
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insider

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Executive Chairman of Hibbett Sports Inc. (HIBB) Michael J Newsome sells 24,900 shares of HIBB on 11/19/2010 at an average price of $29.6 a share.

Hibbett Sports Inc. has a market cap of $932.01 million; its shares were traded at around $32.74 with a P/E ratio of 20.85 and P/S ratio of 1.57. Hibbett Sports Inc. had an annual average earning growth of 16.1% over the past 10 years. GuruFocus rated Hibbett Sports Inc. the business predictability rank of 4.5-star.

HIBB is in the portfolios of Paul Tudor Jones of The Tudor Group, Jim Simons of Renaissance Technologies LLC, Bruce Kovner of Caxton Associates, Steven Cohen of SAC Capital Advisors, Pioneer Investments, Jeremy Grantham of GMO LLC.


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




Directors and Officers Recent Trades:


  • Sell: Executive Chairman Michael J Newsome sold 5,000 shares of HIBB stock on 10/26/2010 at the average price of 28. Michael J Newsome owns at least 68,923 shares after this. The price of the stock has increased by 16.93% since.

  • Sell: Director Carl Kirkland sold 12,657 shares of HIBB stock on 09/27/2010 at the average price of 25.03. The price of the stock has increased by 30.8% since.


About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

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 (1 vote)

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