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

January 01, 2011 | About:
Saj Karsan

guruat

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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): 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): 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): 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): 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): 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.

About the author:

guruat
Saj Karsan founded an investment and research firm that is based on the principles of value investing. He has an MBA from the Richard Ivey School of Business, and an undergraduate engineering degree from McGill University.

Rating: 3.3/5 (6 votes)

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