President and COO of Rayonier Inc. (RYN) Paul G Boynton sells 36,600 shares of RYN on 12/23/2011 at an average price of $43.96 a share.
Rayonier Inc. Reit has a market cap of $5.36 billion; its shares were traded at around $44 with a P/E ratio of 23.04 and P/S ratio of 4.08. The dividend yield of Rayonier Inc. Reit stocks is 3.64%. Rayonier Inc. Reit had an annual average earning growth of 11.5% over the past 10 years.
SR VP, CAO & Corp Sec W. Edwin Frazier Iii sold 36,600 shares of RYN stock on 12/22/2011 at the average price of 43.48. W. Edwin Frazier Iii owns at least 189,189 shares after this. The price of the stock has increased by 1.2% since.
SR VP, REAL ESTATE Charles Margiotta sold 21,600 shares of RYN stock on 12/20/2011 at the average price of 42.14. Charles Margiotta owns at least 191,342 shares after this. The price of the stock has increased by 4.41% since.
For the complete insider trading history of RYN, click here.
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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.
There is a very good reason Paul sold those shares. The word among the top levels of the company is that a takeover is eminent in 2012. Unload those RYN shares now!
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