Weekly CEO Sells Highlight: WYNN, ABC, PAET, and RVBD

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Dec 06, 2010
According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Wynn Resorts Ltd, AmerisourceBergen Corp, PAETEC HOLDINGS CORP, and Riverbed Technology Inc.

Wynn Resorts Ltd. (WYNN, Financial): CEO Stephen A Wynn sold 1,000,000 Shares

CEO of Wynn Resorts Ltd. (WYNN) Stephen A Wynn sold 1,000,000 shares on 12/01/2010 at an average price of $103.3. Wynn Resorts Limited and its wholly-owned subsidiaries Wynn Las Vegas and Wynn Capital will own and operate Le Reve, which they've designed to be the preeminent luxury hotel and destination casino resort in Las Vegas. Wynn Resorts Ltd. has a market cap of $12.76 billion; its shares were traded at around $103.34 with a P/E ratio of 82.7 and P/S ratio of 4.1. The dividend yield of Wynn Resorts Ltd. stocks is 0.5%.

Wynn Resorts Ltd. Reported their third quarter results. The Company reported revenues of $1.0 billion.

CEO Stephen A Wynn sold 1,000,000 shares of WYNN stock on 12/01/2010 at the average price of 103.3. CFO, Treasurer Matt Maddox sold 67,000 shares of WYNN stock in August and November. Director Elaine P Wynn sold 1,000,000 shares of WYNN stock on 12/01/2010 at the average price of 103.3. Pres, Wynn Int'l Marketing Linda Chen sold 116,970 shares of WYNN stock in December, November, and September.

AmerisourceBergen Corp. (ABC, Financial): CEO R David Yost sold 817,524 Shares

CEO of AmerisourceBergen Corp. (ABC) R David Yost sold 817,524 shares on 11/30/2010 at an average price of $30.85. AmerisourceBergen Corporation is a pharmaceutical services companies serving the United States, Canada and selected global markets. AmerisourceBergen Corp. has a market cap of $8.96 billion; its shares were traded at around $32.14 with a P/E ratio of 14.8 and P/S ratio of 0.1. The dividend yield of AmerisourceBergen Corp. stocks is 1.3%. AmerisourceBergen Corp. had an annual average earning growth of 14.4% over the past 10 years. GuruFocus rated AmerisourceBergen Corp. the business predictability rank of 4.5-star.

AmerisourceBergen Corp. reported their results for the September quarter. The Company reported revenues of $19.7 billion.

CEO R David Yost sold 817,524 shares of ABC stock on 11/30/2010 at the average price of 30.85. Executive VP & CFO Michael D Dicandilo sold 99,818 shares of ABC stock on 12/01/2010 at the average price of 31.52. Senior Vice President John G. Chou and Director Edward E Hagenlocker sold 50,440 shares of ABC stock in November and December.

PAETEC HOLDING CORP. (PAET, Financial): Chairman and CEO Arunas A Chesonis sold 200,000 Shares

Chairman and CEO of PAETEC HOLDING CORP. (PAET) Arunas A Chesonis sold 200,000 shares on 12/01/2010 at an average price of $3.71. US LEC Corp. is a provider of integrated telecommunications services, including local, long distance, data, Internet and enhanced services, to customers in selected markets. Paetec Holding Corp. has a market cap of $550.1 million; its shares were traded at around $3.79 with and P/S ratio of 0.3.

PAETEC HOLDING CORP. reported their third quarter results. The Company reported revenues of $408.4 million.

Chairman and CEO Arunas A Chesonis sold 410,000 shares of PAET stock in December, October, August, and July.

Riverbed Technology Inc. (RVBD, Financial): Chairman and CEO Jerry M Kennelly sold 200,000 Shares

Chairman and CEO of Riverbed Technology Inc. (RVBD) Jerry M Kennelly sold 200,000 shares on 11/30/2010 at an average price of $34.29. Riverbed Technology, Inc. provides solutions to the fundamental problems of wide-area distributed computing in the United States and internationally. Riverbed Technology Inc. has a market cap of $5.05 billion; its shares were traded at around $34.82 with a P/E ratio of 169.9 and P/S ratio of 12.8.

Riverbed Technology Inc. reported their 2010 third quarter financial results. The Company reported revenues of $147.8 million.

Chairman and CEO Jerry M Kennelly sold 733,334 shares of RVBD stock in November, October, and August. CFO Randy Gottfried sold 90,000 shares of RVBD stock in December, November, September, and August. Director James R Swartz sold 568,714 shares of RVBD stock in November. Sr VP, Worldwide Sales David Peranich and Sr VP, Marketing & Bus. Dev. Eric Wolford sold 60,667 shares of RVBD stock on 11/22/2010.

For the complete list of stocks that bought by their CEOs, go to: Insider Buys.