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IAC/INTERACTIVECORP (IACI) CEO Gregory R Blatt sells 286,777 Shares

February 25, 2011 | About:
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insider

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CEO of IAC/INTERACTIVECORP (IACI) Gregory R Blatt sells 286,777 shares of IACI on 02/23/2011 at an average price of $31.16 a share.

Iac/interactivecorp has a market cap of $3.15 billion; its shares were traded at around $31.36 with a P/E ratio of 116.1 and P/S ratio of 1.9.

Hedge Fund Gurus that owns IACI: Chase Coleman of Tiger Global Management LLC, Jim Simons of Renaissance Technologies LLC, Bruce Kovner of Caxton Associates, George Soros of Soros Fund Management LLC, Steven Cohen of SAC Capital Advisors. Mutual Fund and Other Gurus that owns IACI: Murray Stahl of Horizon Asset Management, Bill Gates of Bill & Melinda Gates Foundation Trust, Mario Gabelli of GAMCO Investors, Jeremy Grantham of GMO LLC.


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




Directors and Officers Recent Trades:


  • Sell: SVP & Controller Michael H Schwerdtman sold 27,133 shares of IACI stock on 02/16/2011 at the average price of 31.64. Michael H Schwerdtman owns at least 621 shares after this. The price of the stock has decreased by 0.88% since.

  • Sell: SVP & Controller Michael H Schwerdtman sold 27,350 shares of IACI stock on 02/07/2011 at the average price of 30.92. Michael H Schwerdtman owns at least 1,380 shares after this. The price of the stock has increased by 1.42% since.

  • Sell: Vice Chairman Victor Kaufman sold 135,009 shares of IACI stock on 12/07/2010 at the average price of 30.75. Victor Kaufman owns at least 71,549 shares after this. The price of the stock has increased by 1.98% since.

  • Sell: SVP & Controller Michael H Schwerdtman sold 5,600 shares of IACI stock on 12/03/2010 at the average price of 30.3. Michael H Schwerdtman owns at least 12 shares after this. The price of the stock has increased by 3.5% since.



For the complete insider trading history of IACI, 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: 4.5/5 (4 votes)

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