VP Administration & Secretary Mary E Smith sold 9,390 shares of GRZ stock on 09/14/2011 at the average price of 2.9. Mary E Smith owns at least 171,888 shares after this. The price of the stock has increased by 1.72% since.
President A Douglas Belanger sold 17,213 shares of GRZ stock on 08/30/2011 at the average price of 2.86. A Douglas Belanger owns at least 1,480,956 shares after this. The price of the stock has increased by 3.15% since.
President A Douglas Belanger sold 7,787 shares of GRZ stock on 08/26/2011 at the average price of 2.72. A Douglas Belanger owns at least 1,498,169 shares after this. The price of the stock has increased by 8.46% since.
For the complete insider trading history of GRZ, click here.
About the author:
GuruFocus - Stock Picks and Market Insight of Gurus
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.
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More) Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names