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Covance Inc. (CVD) Executive Vice President & COO Wendel Barr sells 19,305 Shares

November 22, 2010 | About:
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insider

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Executive Vice President & COO of Covance Inc. (CVD) Wendel Barr sells 19,305 shares of CVD on 11/19/2010 at an average price of $46.8 a share.

Covance Inc. has a market cap of $3.02 billion; its shares were traded at around $46.71 with a P/E ratio of 20.95 and P/S ratio of 1.54. Covance Inc. had an annual average earning growth of 13.4% over the past 10 years. GuruFocus rated Covance Inc. the business predictability rank of 3-star.

CVD is in the portfolios of Ron Baron of Baron Funds, Jim Simons of Renaissance Technologies LLC, Chuck Royce of Royce& Associates, Bruce Kovner of Caxton Associates, Jeremy Grantham of GMO LLC, Mario Gabelli of GAMCO Investors, Steven Cohen of SAC Capital Advisors, George Soros of Soros Fund Management LLC.

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


CEO Recent Trades:


  • Buy: Chairman and CEO Joseph L Herring bought 20,000 shares of CVD stock on 08/02/2010 at the average price of 38.95. Joseph L Herring owns at least 237,202 shares after this. The price of the stock has increased by 19.92% since.



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




Directors and Officers Recent Trades:


  • Buy: Corporate Sr. Vice President William E Klitgaard bought 2,500 shares of CVD stock on 08/02/2010 at the average price of 38.59. William E Klitgaard owns at least 41,091 shares after this. The price of the stock has increased by 21.04% since.

  • Buy: Director Joseph C Scodari bought 200 shares of CVD stock on 06/17/2010 at the average price of 54.55. Joseph C Scodari owns at least 700 shares after this. The price of the stock has decreased by 14.37% since.

  • Sell: Corporate Sr. Vice President Donald Kraft sold 34,979 shares of CVD stock on 06/21/2010 at the average price of 55.12. Donald Kraft owns at least 47,084 shares after this. The price of the stock has decreased by 15.26% 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: 3.3/5 (4 votes)

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