Weekly CEO Sells Highlight: HOT, RTN, CYPB, SNIC, and EQR

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Jan 01, 2011
According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Starwood Hotels & Resorts Worldwide Inc, Raytheon Company, Cypress Bioscience Inc, Sonic Solutions, and Equity Residential


Starwood Hotels & Resorts Worldwide Inc. (HOT, Financial): CEO Paasschen Frits D Van sold 230,926 Shares


CEO of Starwood Hotels & Resorts Worldwide Inc. (HOT) Paasschen Frits D Van sold 230,926 shares on 12/27/2010 at an average price of $60.35. Starwood Hotels & Resorts Worldwide, Inc. is one of the world's largest hotel operating companies. Starwood Hotels & Resorts Worldwide Inc. has a market cap of $11.59 billion; its shares were traded at around $60.78 with a P/E ratio of 49.1 and P/S ratio of 2.4. The dividend yield of Starwood Hotels & Resorts Worldwide Inc. stocks is 0.5%.


Starwood Hotels & Resorts Worldwide Inc. reported their 2010 third quarter results. The Company reported net income of $40 million and revenues of $427 million.


CEO Paasschen Frits D Van sold 230,926 shares of HOT stock on 12/27/2010 at the average price of 60.35. EVP, CFO & Vice Chairman Vasant M Prabhu sold 67,303 shares of HOT stock IN October and November.CAO & General Counsel Kenneth S Siegel, EVP & Chief Brand Officer Philip Patrick Mcaveety, and Directors Adam M Aron, Clayton C Jr Daley, and Charlene Barshefsky sold 351,322 shares of HOT stock in November and December.


Raytheon Company (RTN, Financial): Chairman & CEO William H Swanson sold 175,000 Shares


Chairman & CEO of Raytheon Company (RTN) William H Swanson sold 175,000 shares on 12/22/2010 at an average price of $45.02. Raytheon Company is a global technology company. The company provides products and services in the areas of defense and commercial electronics, engineering and construction, and business and special mission aircraft. Raytheon Company has a market cap of $16.89 billion; its shares were traded at around $46.34 with a P/E ratio of 9.3 and P/S ratio of 0.7. The dividend yield of Raytheon Company stocks is 3.3%. Raytheon Company had an annual average earning growth of 9.5% over the past 10 years.


Raytheon Company reported 2010 third quarter financial results. The Company reports revenues of $6.3 billion and income from continuing operations were $1.71 per diluted share.


Chairman & CEO William H Swanson sold 175,000 shares of RTN stock on 12/22/2010 at the average price of 45.02. Vice President Colin Schottlaender sold 11,694 shares of RTN stock on 12/22/2010 at the average price of 44.95.


Cypress Bioscience Inc. (CYPB, Financial): CEO Jay D Kranzler sold 177,464 Shares


CEO of Cypress Bioscience Inc. (CYPB) Jay D Kranzler sold 177,464 shares during the past week at an average price of $6.45. Cypress Bioscience, Inc. is providing products that improve the treatment of Functional Somatic Syndromes and other central nervous system conditions. Cypress Bioscience Inc. has a market cap of $250.7 million; its shares were traded at around $6.48 with and P/S ratio of 9.2. Cypress Bioscience Inc. had an annual average earning growth of 8.6% over the past 5 years.


Cypress Bioscience Inc. reported their 2010 third quarter results. The Company reported revenues of $8.0 million.


CEO Jay D Kranzler sold 177,464 shares of CYPB stock in December. Chief Medical Officer R Michael Gendreau bought 15,000 shares of CYPB stock in July.Chief Scientific Officer Rao Srinivas sold 7,500 shares of CYPB stock on 12/20/2010 at the average price of 6.44.


Sonic Solutions (SNIC, Financial): President and CEO David C Habiger sold 281,454 Shares

President and CEO of Sonic Solutions (SNIC) David C Habiger sold 281,454 shares on 12/23/2010 at an average price of $14.02. SONIC SOLUTIONS designs, develops, manufactures and markets digital random access editing and processing systems, commonly known as digital audio workstations, for professional audio applications. Sonic Solutions has a market cap of $461.7 million; its shares were traded at around $15 with a P/E ratio of 375 and P/S ratio of 4.5.


Sonic Solutions reported their 2010 second quarter results. The Company reported net revenues of $26.4 million and Net income of $0.2 million.


President and CEO David C Habiger sold 396,354 shares of SNIC stock in November and December. President, Strategy Mark Ely, Director Robert Greber, Director Peter Marguglio, EVP, General Manager Roxio Matthew Dimaria, and Director Robert J Doris sold 113,500 shares of SNIC stock in December.


Equity Residential (EQR, Financial): President & CEO David J Neithercut sold 100,987 Shares


President & CEO of Equity Residential (EQR) David J Neithercut sold 100,987 shares on 12/22/2010 at an average price of $51.47. Equity Residential Prop. is a self-administered and self-managed equity real estate investment trust. Equity Residential has a market cap of $14.78 billion; its shares were traded at around $51.95 with a P/E ratio of 24.4 and P/S ratio of 7.6. The dividend yield of Equity Residential stocks is 3.5%. Equity Residential had an annual average earning growth of 3.2% over the past 5 years.


Equity Residential reported their 2010 third quarter financial results, The Company reported revenues of $1.5 billion and net income of $97.8 million.


President & CEO David J Neithercut sold 207,022 shares of EQR stock in September, November, and December. Executive Vice President & CFO Mark J. Parrell sold 16,540 shares of EQR stock on 09/07/2010 at the average price of 48.55. Executive Vice President & CIO Alan W George, Chief Accounting Officer Ian Kaufman, and Executive Vice President David S Santee sold 95,953 shares of EQR stock in December. Executive Vice President Frederick C Tuomi sold 55,268 shares of EQR stock In November and December.


For the complete list of stocks that bought by their CEOs, go to: Insider Buys.