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Neurocrine Biosciences Inc. (NBIX) VP and CFO Timothy P Coughlin sells 12,320 Shares

March 02, 2011 | About: NBIX +0%
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VP and CFO of Neurocrine Biosciences Inc. (NBIX) Timothy P Coughlin sells 12,320 shares of NBIX on 02/28/2011 at an average price of $6.83 a share.

Neurocrine Biosciences Inc. has a market cap of $359.9 million; its shares were traded at around $6.56 with and P/S ratio of 10.8. Neurocrine Biosciences Inc. had an annual average earning growth of 2% over the past 10 years.

Hedge Fund Gurus that owns NBIX: Jim Simons of Renaissance Technologies LLC, George Soros of Soros Fund Management LLC, Steven Cohen of SAC Capital Advisors.


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




Directors and Officers Recent Trades:


  • Sell: Sr. VP & Chief Medical Officer Christopher Flint Obrien sold 12,320 shares of NBIX stock on 02/28/2011 at the average price of 6.83. Christopher Flint Obrien owns at least 94,794 shares after this. The price of the stock has decreased by 3.95% since.
  • Sell: Vice President, Research Dimitri E. Grigoriadis sold 12,320 shares of NBIX stock on 02/28/2011 at the average price of 6.82. Dimitri E. Grigoriadis owns at least 75,433 shares after this. The price of the stock has decreased by 3.81% since.
  • Sell: Sr Vice President, Development Haig P. Bozigian sold 12,320 shares of NBIX stock on 02/28/2011 at the average price of 6.83. Haig P. Bozigian owns at least 76,954 shares after this. The price of the stock has decreased by 3.95% since.


For the complete insider trading history of NBIX, 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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