Executive Vice President & COO of Covance Inc. (CVD) Wendel Barr sells 13,000 shares of CVD on 12/21/2010 at an average price of $52.02 a share.

Covance Inc. has a market cap of $3.34 billion; its shares were traded at around $51.54 with a P/E ratio of 23.1 and P/S ratio of 1.7. Covance Inc. had an annual average earning growth of 13.4% over the past 10 years. GuruFocus rated Covance Inc. the business predictability rank of 3-star.

CVD is in the portfolios of Ron Baron of Baron Funds, Jim Simons of Renaissance Technologies LLC, Chuck Royce of Royce& Associates, Bruce Kovner of Caxton Associates, Jeremy Grantham of GMO LLC, Mario Gabelli of GAMCO Investors, Steven Cohen of SAC Capital Advisors, George Soros of Soros Fund Management LLC.

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

CEO Recent Trades:

• Buy: Chairman and CEO Joseph L Herring bought 20,000 shares of CVD stock on 08/02/2010 at the average price of 38.95. Joseph L Herring owns at least 237,202 shares after this. The price of the stock has increased by 32.32% since.

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

Directors and Officers Recent Trades:

• Buy: Corporate Sr. Vice President William E Klitgaard bought 2,500 shares of CVD stock on 08/02/2010 at the average price of 38.59. William E Klitgaard owns at least 41,091 shares after this. The price of the stock has increased by 33.56% since.


• Sell: Executive Vice President & COO Wendel Barr sold 31,300 shares of CVD stock on 12/14/2010 at the average price of 49.75. Wendel Barr owns at least 55,975 shares after this. The price of the stock has increased by 3.6% since.


• Sell: Executive Vice President & COO Wendel Barr sold 19,305 shares of CVD stock on 11/19/2010 at the average price of 46.8. Wendel Barr owns at least 55,975 shares after this. The price of the stock has increased by 10.13% 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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