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Gold Reserve Inc (GRZ) CEO Rockne J Timm sells 50,000 Shares

December 07, 2011 | About:
gurufocus

insider

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CEO of Gold Reserve Inc (GRZ) Rockne J Timm sells 50,000 shares of GRZ on 12/06/2011 at an average price of $2.8 a share.

Gold Reserve Inc has a market cap of $175.6 million; its shares were traded at around $2.95 .


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




Directors and Officers Recent Trades:


  • 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

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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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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