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Global Geophysical Services Inc. (GGS) Sr. VP & CFO P Mathew Verghese sells 2,500 Shares

February 16, 2011 | About:
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Sr. VP & CFO of Global Geophysical Services Inc. (GGS) P Mathew Verghese sells 2,500 shares of GGS on 02/09/2011 at an average price of $12.75 a share.

Global Geophysical Services Inc. has a market cap of $498 million; its shares were traded at around $13.82 with and P/S ratio of 2.

Hedge Fund Gurus that owns GGS: George Soros of Soros Fund Management LLC. Mutual Fund and Other Gurus that owns GGS: Chuck Royce of Royce& Associates.

CFO Recent Trades:


  • Sell: Sr.V.P & CFO P Mathew Verghese sold 4,000 shares of GGS stock on 11/05/2010 at the average price of 7.36. P Mathew Verghese owns at least 38,782 shares after this.



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




Directors and Officers Recent Trades:


  • Buy: President, Weinman GeoScience Barry Lee Weinman bought 2,000 shares of GGS stock on 08/23/2010 at the average price of 6.46. Barry Lee Weinman owns at least 297,809 shares after this. The price of the stock has increased by 113.93% since.

  • Sell: Director Damir S Skerl sold 46,231 shares of GGS stock on 02/10/2011 at the average price of 12.78. Damir S Skerl owns at least 376,265 shares after this.



For the complete insider trading history of GGS, click here.

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: 4.0/5 (3 votes)

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