CEO and President of Hibbett Sports Inc. (HIBB) Jeffry O Rosenthal sells 33,750 shares of HIBB on 12/13/2011 at an average price of $46.14 a share.

Hibbett Sports Inc. has a market cap of $1.16 billion; its shares were traded at around $44.72 with a P/E ratio of 21.7 and P/S ratio of 1.7. Hibbett Sports Inc. had an annual average earning growth of 15.8% over the past 10 years. GuruFocus rated Hibbett Sports Inc. the business predictability rank of 4.5-star.


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

Directors and Officers Recent Trades:

• Executive Chairman Michael J Newsome sold 4,265 shares of HIBB stock on 12/06/2011 at the average price of 46.72. Michael J Newsome owns at least 23,300 shares after this. The price of the stock has decreased by 4.28% since.
• Executive Chairman Michael J Newsome sold 23,158 shares of HIBB stock on 11/18/2011 at the average price of 45.73. Michael J Newsome owns at least 27,565 shares after this. The price of the stock has decreased by 2.21% since.
• Executive Chairman Michael J Newsome sold 21,015 shares of HIBB stock on 11/08/2011 at the average price of 43.76. Michael J Newsome owns at least 27,565 shares after this. The price of the stock has increased by 2.19% since.
• Executive Chairman Michael J Newsome sold 28,181 shares of HIBB stock on 10/31/2011 at the average price of 41.8. Michael J Newsome owns at least 27,565 shares after this. The price of the stock has increased by 6.99% since.
• Executive Chairman Michael J Newsome sold 9,000 shares of HIBB stock on 07/06/2011 at the average price of 41.75. Michael J Newsome owns at least 50,675 shares after this. The price of the stock has increased by 7.11% since.

For the complete insider trading history of HIBB, 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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