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ENERGY RECOVERY, INC. (ERII) Executive Chairman Hans Peter Michelet sells 100,000 Shares

Aug 03, 2011 | About:
insider
insider
Executive Chairman of ENERGY RECOVERY, INC. (ERII) Hans Peter Michelet sells 100,000 shares of ERII on 08/01/2011 at an average price of $2.95 a share.

Energy Recovery Inc. has a market cap of $149.4 million; its shares were traded at around $2.84 with and P/S ratio of 3.2.


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




Directors and Officers Recent Trades:


  • Director Robert Yu Lang Mao bought 7,361 shares of ERII stock on 06/14/2011 at the average price of 2.67. Robert Yu Lang Mao owns at least 7,361 shares after this. The price of the stock has increased by 6.37% since.
  • Director Robert Yu Lang Mao sold 7,361 shares of ERII stock on 06/14/2011 at the average price of 2.67. Robert Yu Lang Mao owns at least 7,361 shares after this. The price of the stock has increased by 6.37% since.
  • Director Gonzalo G Pique sold 31,000 shares of ERII stock on 05/19/2011 at the average price of 2.96. Gonzalo G Pique owns at least 529,100 shares after this. The price of the stock has decreased by 4.05% since.
  • Executive Chairman Hans Peter Michelet sold 100,000 shares of ERII stock on 05/03/2011 at the average price of 2.99. Hans Peter Michelet owns at least 977,460 shares after this. The price of the stock has decreased by 5.02% since.


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

Tickers in the article:

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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