CEO of Theravance Inc. (THRX) Rick E Winningham sells 266,400 shares of THRX on 02/23/2011 at an average price of $21.35 a share.

Theravance Inc. has a market cap of $1.58 billion; its shares were traded at around $21.34 with and P/S ratio of 65.2.

Hedge Fund Gurus that owns THRX: Seth Klarman of The Baupost Group, Julian Robertson of Tiger Management, John Griffin of Blue Ridge Capital, Wilbur Ross of Invesco Private Capital, Inc., Jim Simons of Renaissance Technologies LLC, Steven Cohen of SAC Capital Advisors. Mutual Fund and Other Gurus that owns THRX: David Swensen of Yale University, Jean-Marie Eveillard of First Eagle Investment Management, LLC, Jeremy Grantham of GMO LLC.

CFO Recent Trades:

• Sell: Sr VP, CFO Michael W Aguiar sold 10,000 shares of THRX stock on 12/03/2010 at the average price of 26.51. Michael W Aguiar owns at least 109,601 shares after this. The price of the stock has decreased by 19.5% since.

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

Directors and Officers Recent Trades:

• Buy: 10% Owner Plc Glaxosmithkline bought 152,278 shares of THRX stock on 02/18/2011 at the average price of 23.7. Plc Glaxosmithkline owns at least 5,902,278 shares after this. The price of the stock has decreased by 9.96% since.


• Buy: 10% Owner Plc Glaxosmithkline bought 5,750,000 shares of THRX stock on 11/29/2010 at the average price of 22.5. Plc Glaxosmithkline owns at least 5,750,000 shares after this. The price of the stock has decreased by 5.16% since.


• Sell: Director William D Young sold 5,377 shares of THRX stock on 12/10/2010 at the average price of 26.64. William D Young owns at least 23,377 shares after this. The price of the stock has decreased by 19.89% since.


• Sell: Head of Business Dev. David L Brinkley sold 20,000 shares of THRX stock on 12/01/2010 at the average price of 25.07. David L Brinkley owns at least 38,359 shares after this. The price of the stock has decreased by 14.88% since.


• Sell: Head of Business Dev. David L Brinkley sold 1,980 shares of THRX stock on 09/14/2010 at the average price of 15.12. David L Brinkley owns at least 32,351 shares after this. The price of the stock has increased by 41.14% since.

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

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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