Executive Chairman of Hibbett Sports Inc. (HIBB) Michael J Newsome sells 11,523 shares of HIBB on 12/09/2010 at an average price of $36.94 a share.

Hibbett Sports Inc. has a market cap of $1.05 billion; its shares were traded at around $36.85 with a P/E ratio of 23.5 and P/S ratio of 1.8. Hibbett Sports Inc. had an annual average earning growth of 16.1% over the past 10 years. GuruFocus rated Hibbett Sports Inc. the business predictability rank of 4.5-star.

HIBB is in the portfolios of Paul Tudor Jones of The Tudor Group, Jim Simons of Renaissance Technologies LLC, Bruce Kovner of Caxton Associates, Steven Cohen of SAC Capital Advisors, Pioneer Investments, Jeremy Grantham of GMO LLC.

CFO Recent Trades:

• Sell: CFO & Senior VP Gary Allen Smith sold 101,250 shares of HIBB stock on 11/19/2010 at the average price of 30.5. The price of the stock has increased by 20.82% since.

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

Directors and Officers Recent Trades:

• Sell: Senior VP of Operations Cathy E Pryor sold 17,320 shares of HIBB stock on 12/02/2010 at the average price of 35. The price of the stock has increased by 5.29% since.


• Sell: Executive Chairman Michael J Newsome sold 51,382 shares of HIBB stock on 12/02/2010 at the average price of 34.77. The price of the stock has increased by 5.98% since.


• Sell: VP of HR and LP Michael Scott Myers sold 15,841 shares of HIBB stock on 11/24/2010 at the average price of 33.5. The price of the stock has increased by 10% since.


• Sell: Executive Chairman Michael J Newsome sold 24,900 shares of HIBB stock on 11/19/2010 at the average price of 29.6. Michael J Newsome owns at least 44,023 shares after this. The price of the stock has increased by 24.49% since.


• Sell: Executive Chairman Michael J Newsome sold 5,000 shares of HIBB stock on 10/26/2010 at the average price of 28. Michael J Newsome owns at least 68,923 shares after this. The price of the stock has increased by 31.61% 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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