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FEDERAL-MOGUL CORPORATION (FDML) Non-executive Board Chairman Carl C Icahn buys 50,440 Shares

Nov 22, 2011 | About:
insider
insider
Non-executive Board Chairman of FEDERAL-MOGUL CORPORATION (FDML) Carl C Icahn buys 50,440 shares of FDML on 11/18/2011 at an average price of $13.84 a share.

Federalmogul Corp. has a market cap of $1.35 billion; its shares were traded at around $13.68 with a P/E ratio of 7 and P/S ratio of 0.2.


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




Directors and Officers Recent Trades:


  • Non-executive Board Chairman Carl C Icahn bought 48,900 shares of FDML stock on 10/03/2011 at the average price of 14.93. Carl C Icahn owns at least 76,032,015 shares after this. The price of the stock has decreased by 8.37% since.
  • Non-executive Board Chairman Carl C Icahn bought 42,300 shares of FDML stock on 09/28/2011 at the average price of 15.39. Carl C Icahn owns at least 75,980,915 shares after this. The price of the stock has decreased by 11.11% since.
  • Non-executive Board Chairman Carl C Icahn bought 39,900 shares of FDML stock on 09/23/2011 at the average price of 14.69. Carl C Icahn owns at least 75,854,015 shares after this. The price of the stock has decreased by 6.88% since.
  • Non-Exec Chmn. of the Board Carl C Icahn bought 64,056 shares of FDML stock on 08/19/2011 at the average price of 15.14. Carl C Icahn owns at least 75,751,769 shares after this. The price of the stock has decreased by 9.64% since.
  • Non-executive Board Chairman Carl C Icahn bought 64,056 shares of FDML stock on 08/16/2011 at the average price of 17.37. Carl C Icahn owns at least 75,687,713 shares after this. The price of the stock has decreased by 21.24% since.


For the complete insider trading history of FDML, 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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