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Newport Corp. (NEWP) President & CEO Robert J Phillippy sells 30,000 Shares

December 07, 2010 | About:
insider

insider

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President & CEO of Newport Corp. (NEWP) Robert J Phillippy sells 30,000 shares of NEWP on 12/03/2010 at an average price of $16 a share.

Newport Corp. has a market cap of $611.2 million; its shares were traded at around $16.63 with a P/E ratio of 20 and P/S ratio of 1.7.

NEWP is in the portfolios of Arnold Van Den Berg of Century Management, Private Capital of Private Capital Management, Chuck Royce of Royce& Associates, Paul Tudor Jones of The Tudor Group, Jim Simons of Renaissance Technologies LLC, Mario Gabelli of GAMCO Investors.

CFO Recent Trades:


  • Sell: SVP and CFO Charles F Cargile sold 30,000 shares of NEWP stock on 12/02/2010 at the average price of 15.75. Charles F Cargile owns at least 104,378 shares after this. The price of the stock has increased by 5.59% since.



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




Directors and Officers Recent Trades:


  • Sell: Director Peter J Simone sold 10,000 shares of NEWP stock on 11/01/2010 at the average price of 14.45. Peter J Simone owns at least 38,823 shares after this. The price of the stock has increased by 15.09% since.

  • Sell: Director Peter J Simone sold 7,770 shares of NEWP stock on 08/03/2010 at the average price of 12.21. Peter J Simone owns at least 48,823 shares after this. The price of the stock has increased by 36.2% 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: 3.0/5 (2 votes)

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