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Methode Electronics Inc. (MEI) CEO Donald W Duda sells 100,000 Shares

December 13, 2010 | About:
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CEO of Methode Electronics Inc. (MEI) Donald W Duda sells 100,000 shares of MEI on 12/09/2010 at an average price of $12 a share.

Methode Electronics Inc. has a market cap of $479.92 million; its shares were traded at around $13.04 with a P/E ratio of 22.88 and P/S ratio of 1.29. The dividend yield of Methode Electronics Inc. stocks is 2.15%.

MEI is in the portfolios of Chuck Royce of Royce& Associates, Mario Gabelli of GAMCO Investors, James Barrow of Barrow, Hanley, Mewhinney & Strauss, Jim Simons of Renaissance Technologies LLC.

This is the annual revenues and earnings per share of MEI over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of MEI.


CEO Recent Trades:


  • Buy: CEO Donald W Duda bought 3,407 shares of MEI stock on 10/14/2010 at the average price of 8.62. Donald W Duda owns at least 276,454 shares after this. The price of the stock has increased by 51.28% since.



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




Directors and Officers Recent Trades:


  • Buy: Controller & Treasurer Ronald L.g. Tsoumas bought 1,622 shares of MEI stock on 10/14/2010 at the average price of 8.69. Ronald L.g. Tsoumas owns at least 13,173 shares after this. The price of the stock has increased by 50.06% since.

  • Buy: Director Paul G Shelton bought 2,000 shares of MEI stock on 09/09/2010 at the average price of 8.42. Paul G Shelton owns at least 37,850 shares after this. The price of the stock has increased by 54.87% since.

  • Buy: Director Darren Dawson bought 3,000 shares of MEI stock on 07/13/2010 at the average price of 10.55. Darren Dawson owns at least 31,400 shares after this. The price of the stock has increased by 23.6% 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 (4 votes)

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