Chairman of the Board, CEO of Commerce Bancshares Inc. (CBSH) David W Kemper sells 41,941 shares of CBSH on 12/05/2011 at an average price of $37.89 a share.
Commerce Bancshares Inc. has a market cap of $3.32 billion; its shares were traded at around $37.32 with a P/E ratio of 12.8 and P/S ratio of 3. The dividend yield of Commerce Bancshares Inc. stocks is 2.4%. Commerce Bancshares Inc. had an annual average earning growth of 2.4% over the past 10 years.
Exec Vice President Daniel D. Callahan bought 2,052 shares of CBSH stock on 08/15/2011 at the average price of 36.06. Daniel D. Callahan owns at least 20,730 shares after this. The price of the stock has increased by 3.49% since.
Vice Chairman Jonathan M Kemper sold 142,000 shares of CBSH stock on 11/29/2011 at the average price of 35.33. Jonathan M Kemper owns at least 1,839,601 shares after this. The price of the stock has increased by 5.63% since.
For the complete insider trading history of CBSH, click here.
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.
With regard to investing in net-nets, Ben Graham said: "It always seemed, and still seems ridiculously simple to say that if one can acquire a diversified group of common stocks at a price less than the...net current assets alone…the results should be quite satisfactory. They were so in our experience, for more than 30 years."
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