Senior VP and COO Christopher D Stark sold 13,095 shares of BTN stock on 03/23/2011 at the average price of 6.38. Christopher D Stark owns at least 23,432 shares after this. The price of the stock has decreased by 42.16% since.
Director Steven J Schuster sold 100,000 shares of BTN stock on 03/23/2011 at the average price of 6.29. Steven J Schuster owns at least 17,200 shares after this. The price of the stock has decreased by 41.34% since.
Senior Vice President Ray Boegner sold 13,129 shares of BTN stock on 03/22/2011 at the average price of 6.45. Ray Boegner owns at least 26,820 shares after this. The price of the stock has decreased by 42.79% since.
For the complete insider trading history of BTN, click here.
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Why CEOs Are Buying Stocks Of Their Own Companies?
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."
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.
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.
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