Chairman of Vornado Realty Trust (VNO) Steven Roth sells 174,695 shares of VNO on 01/03/2012 at an average price of $77.24 a share.
Vornado Realty Trust has a market cap of $14.18 billion; its shares were traded at around $76.86 with a P/E ratio of 14.31 and P/S ratio of 5.1. The dividend yield of Vornado Realty Trust stocks is 3.59%. Vornado Realty Trust had an annual average earning growth of 3.2% over the past 10 years.
President-Merch. Mart Division Mark Falanga sold 1,671 shares of VNO stock on 12/21/2011 at the average price of 76. Mark Falanga owns at least 5,017 shares after this. The price of the stock has increased by 1.13% since.
President - VNO/Smith Division Mitchell N Schear sold 12,500 shares of VNO stock on 11/07/2011 at the average price of 80.04. Mitchell N Schear owns at least 28,666 shares after this. The price of the stock has decreased by 3.97% since.
For the complete insider trading history of VNO, 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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