President & CEO of iGo Inc (IGOI) Michael D Heil sells 59,605 shares of IGOI on 12/22/2010 at an average price of $3.6 a share.

Igo Inc has a market cap of $127.9 million; its shares were traded at around $3.89 with and P/S ratio of 2.3. Igo Inc had an annual average earning growth of 0.8% over the past 5 years.

IGOI is in the portfolios of Jim Simons of Renaissance Technologies LLC.

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

CEO Recent Trades:

• Sell: President & CEO Michael D Heil sold 395 shares of IGOI stock on 12/02/2010 at the average price of 3.4. Michael D Heil owns at least 1,118,187 shares after this. The price of the stock has increased by 14.41% since.


• Sell: President & CEO Michael D Heil sold 20,000 shares of IGOI stock on 11/29/2010 at the average price of 3.2. Michael D Heil owns at least 1,118,582 shares after this. The price of the stock has increased by 21.56% since.


• Sell: President & CEO Michael D Heil sold 40,000 shares of IGOI stock on 11/09/2010 at the average price of 2.95. Michael D Heil owns at least 1,138,582 shares after this. The price of the stock has increased by 31.86% since.


• Sell: President & CEO Michael D Heil sold 130,000 shares of IGOI stock on 11/05/2010 at the average price of 2.49. Michael D Heil owns at least 1,178,582 shares after this. The price of the stock has increased by 56.22% since.

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

Directors and Officers Recent Trades:

• Sell: Vice President Walter F Thornton sold 3,638 shares of IGOI stock on 12/02/2010 at the average price of 3.35. Walter F Thornton owns at least 146,305 shares after this. The price of the stock has increased by 16.12% since.


• Sell: Vice President Darryl S Baker sold 14,136 shares of IGOI stock on 09/23/2010 at the average price of 2. Darryl S Baker owns at least 152,281 shares after this. The price of the stock has increased by 94.5% since.


• Sell: Vice President Darryl S Baker sold 25,000 shares of IGOI stock on 08/03/2010 at the average price of 1.75. Darryl S Baker owns at least 166,417 shares after this. The price of the stock has increased by 122.29% 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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