Chairman of the Board of Universal Forest Products Inc. (UFPI) William G Currie sells 14,600 shares of UFPI on 12/06/2010 at an average price of $35.63 a share.

Universal Forest Products Inc. has a market cap of $699 million; its shares were traded at around $36.235 with a P/E ratio of 42.2 and P/S ratio of 0.4. The dividend yield of Universal Forest Products Inc. stocks is 1.1%.

UFPI is in the portfolios of Paul Tudor Jones of The Tudor Group, Jim Simons of Renaissance Technologies LLC.


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

Directors and Officers Recent Trades:

• Buy: President and COO Patrick M Webster bought 65 shares of UFPI stock on 07/20/2010 at the average price of 30.86. Patrick M Webster owns at least 25,212 shares after this. The price of the stock has increased by 17.42% since.


• Sell: Chairman of the Board William G Currie sold 6,688 shares of UFPI stock on 12/03/2010 at the average price of 35. William G Currie owns at least 230,168 shares after this. The price of the stock has increased by 3.53% since.


• Sell: Chairman of the Board William G Currie sold 20,000 shares of UFPI stock on 12/03/2010 at the average price of 35.03. William G Currie owns at least 210,168 shares after this. The price of the stock has increased by 3.44% since.


• Sell: Executive VP Sales & Marketing Joseph F Granger sold 5,000 shares of UFPI stock on 11/10/2010 at the average price of 32.86. Joseph F Granger owns at least 27,081 shares after this. The price of the stock has increased by 10.27% since.


• Sell: Chairman of the Board William G Currie sold 8,459 shares of UFPI stock on 11/10/2010 at the average price of 33.01. William G Currie owns at least 240,256 shares after this. The price of the stock has increased by 9.77% since.

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

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