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Progress Energy Inc. (PGN) Chairman, President and CEO William D Johnson sells 2,375 Shares

March 16, 2011 | About: PGN +0%
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Chairman, President and CEO of Progress Energy Inc. (PGN) William D Johnson sells 2,375 shares of PGN on 03/14/2011 at an average price of $45.88 a share.

Progress Energy Inc. has a market cap of $13.27 billion; its shares were traded at around $45.21 with a P/E ratio of 15.2 and P/S ratio of 1.3. The dividend yield of Progress Energy Inc. stocks is 5.5%.


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




Directors and Officers Recent Trades:


  • Sell: Executive Vice President Jeffrey J Lyash sold 2,750 shares of PGN stock on 02/18/2011 at the average price of 45.75. Jeffrey J Lyash owns at least 33,103 shares after this. The price of the stock has decreased by 1.18% since.
  • Sell: Executive Vice President Jeffrey J Lyash sold 3,500 shares of PGN stock on 11/18/2010 at the average price of 44.12. Jeffrey J Lyash owns at least 35,509 shares after this. The price of the stock has increased by 2.47% since.


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

About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

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  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
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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.
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Click it to Check Out What the CEO Are Trading


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