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ENERGY RECOVERY, INC. (ERII) Chairman Hans Peter Michelet sells 150,000 Shares

Jan 05, 2012 | About:
insider
insider
Chairman of ENERGY RECOVERY, INC. (ERII) Hans Peter Michelet sells 150,000 shares of ERII on 01/04/2012 at an average price of $2.61 a share.

Energy Recovery Inc. has a market cap of $136.4 million; its shares were traded at around $2.59 with and P/S ratio of 3.


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




Directors and Officers Recent Trades:


  • Director Dominique Trempont bought 2,800 shares of ERII stock on 12/13/2011 at the average price of 2.71. Dominique Trempont owns at least 59,821 shares after this. The price of the stock has decreased by 4.43% since.
  • Director Dominique Trempont bought 6,597 shares of ERII stock on 11/23/2011 at the average price of 2.27. Dominique Trempont owns at least 57,021 shares after this. The price of the stock has increased by 14.1% since.
  • Director Dominique Trempont bought 11,382 shares of ERII stock on 11/22/2011 at the average price of 2.41. Dominique Trempont owns at least 50,424 shares after this. The price of the stock has increased by 7.47% since.
  • Executive Chairman Hans Peter Michelet sold 100,000 shares of ERII stock on 08/01/2011 at the average price of 2.95. Hans Peter Michelet owns at least 877,460 shares after this. The price of the stock has decreased by 12.2% since.


For the complete insider trading history of ERII, click here.

Tickers in the article:

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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