Chairman of Perrigo Company (PRGO) Joseph C Papa sells 10,000 shares of PRGO on 11/22/2011 at an average price of $89.43 a share.

Perrigo Company has a market cap of $8.34 billion; its shares were traded at around $89.57 with a P/E ratio of 21.13 and P/S ratio of 3.03. The dividend yield of Perrigo Company stocks is 0.36%. Perrigo Company had an annual average earning growth of 19.3% over the past 10 years. GuruFocus rated Perrigo Company the business predictability rank of 2.5-star.

CFO Recent Trades:

• Executive VP & CFO Judy L Brown sold 8,864 shares of PRGO stock on 08/26/2011 at the average price of 89.71. Judy L Brown owns at least 18,133 shares after this. The price of the stock has decreased by 0.16% since.

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

Directors and Officers Recent Trades:

• Chairman Joseph C Papa sold 10,180 shares of PRGO stock on 11/22/2011 at the average price of 89.43. Joseph C Papa owns at least 111,412 shares after this. The price of the stock has increased by 0.16% since.
• Director Ran Gottfried sold 4,650 shares of PRGO stock on 11/17/2011 at the average price of 89.76. Ran Gottfried owns at least 10,741 shares after this. The price of the stock has decreased by 0.21% since.
• Executive VP, General Counsel Todd W Kingma sold 6,481 shares of PRGO stock on 10/24/2011 at the average price of 100.41. Todd W Kingma owns at least 21,739 shares after this. The price of the stock has decreased by 10.8% since.
• Chairman Joseph C Papa sold 10,000 shares of PRGO stock on 10/24/2011 at the average price of 98.6. Joseph C Papa owns at least 111,412 shares after this. The price of the stock has decreased by 9.16% since.
• Chairman Joseph C Papa sold 10,000 shares of PRGO stock on 09/22/2011 at the average price of 93.25. Joseph C Papa owns at least 111,412 shares after this. The price of the stock has decreased by 3.95% since.

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

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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