Hide

FocusBar

Subscribe to Premium Member
Free 7-day Trial
All Articles and Columns »

QLogic Corp. (QLGC) Executive Chairman Hk Desai sells 221,875 Shares

November 29, 2010 | About:
insider

insider

41 followers
Executive Chairman of QLogic Corp. (QLGC) Hk Desai sells 221,875 shares of QLGC on 11/26/2010 at an average price of $18.18 a share.

Qlogic Corp. has a market cap of $1.99 billion; its shares were traded at around $18.22 with a P/E ratio of 18.59 and P/S ratio of 3.63. Qlogic Corp. had an annual average earning growth of 6.9% over the past 10 years.

QLGC is in the portfolios of Westport Asset Management, John Hussman of Hussman Economtrics Advisors, Inc., Steven Cohen of SAC Capital Advisors, Louis Moore Bacon of Moore Capital Management, LP, Jim Simons of Renaissance Technologies LLC, Bruce Kovner of Caxton Associates, Mario Gabelli of GAMCO Investors, Jeremy Grantham of GMO LLC.


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




Directors and Officers Recent Trades:


  • Buy: Director William M Zeitler bought 10,000 shares of QLGC stock on 10/26/2010 at the average price of 16.93. William M Zeitler owns at least 10,000 shares after this. The price of the stock has increased by 7.62% since.

  • Sell: Executive Chairman Hk Desai sold 800,000 shares of QLGC stock on 11/24/2010 at the average price of 18.2. Hk Desai owns at least 274,612 shares after this. The price of the stock has increased by 0.11% since.

  • Sell: Senior VP - WW Sales Scott Genereux sold 5,625 shares of QLGC stock on 11/05/2010 at the average price of 18. The price of the stock has increased by 1.22% since.

  • Sell: Senior VP - WW Sales Scott Genereux sold 9,205 shares of QLGC stock on 11/01/2010 at the average price of 17.54. The price of the stock has increased by 3.88% since.

  • Sell: VP and GM Jesse L Parker sold 3,953 shares of QLGC stock on 08/30/2010 at the average price of 15.2. The price of the stock has increased by 19.87% 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: 3.5/5 (4 votes)

Comments

Please leave your comment:


More Gurufocus Links

GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names
Free 7-day Trial
FEEDBACK

This article has been successfully added into your Bookmark.

Members Only. Please Sign Up or Log In first.

Bookmark of this article has been deleted.