MSC Industrial Direct Co. Inc. (MSM) President and COO Erik Gershwind sells 25,000 Shares

President and COO of MSC Industrial Direct Co. Inc. (MSM) Erik Gershwind sells 25,000 shares of MSM on 01/09/2012 at an average price of $73.09 a share.

Msc Industrial Direct Co. has a market cap of $4.58 billion; its shares were traded at around $72.95 with a P/E ratio of 20 and P/S ratio of 2.3. The dividend yield of Msc Industrial Direct Co. stocks is 1.4%. Msc Industrial Direct Co. had an annual average earning growth of 19.4% over the past 10 years. GuruFocus rated Msc Industrial Direct Co. the business predictability rank of 3-star.

This is the annual revenues and earnings per share of MSM over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of MSM.

CEO Recent Trades:

• CEO David Sandler sold 70,000 shares of MSM stock on 11/04/2011 at the average price of 68.69. David Sandler owns at least 275,584 shares after this. The price of the stock has increased by 6.2% since.

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

Directors and Officers Recent Trades:

• Director, 10% Owner Mitchell Jacobson sold 87,500 shares of MSM stock on 01/09/2012 at the average price of 73.06. Mitchell Jacobson owns at least 103,696 shares after this. The price of the stock has decreased by 0.15% since.
• President and COO Erik Gershwind sold 18,750 shares of MSM stock on 01/06/2012 at the average price of 73.03. Erik Gershwind owns at least 32,038 shares after this. The price of the stock has decreased by 0.11% since.
• Executive VP, Sales Thomas Cox sold 14,796 shares of MSM stock on 01/06/2012 at the average price of 73. Thomas Cox owns at least 19,316 shares after this. The price of the stock has decreased by 0.07% since.
• Director Denis F Kelly sold 5,000 shares of MSM stock on 01/06/2012 at the average price of 72.95. Denis F Kelly owns at least 13,583 shares after this. The price of the stock has decreased by 0% since.
• Senior VP and CIO Charles Bonomo sold 7,500 shares of MSM stock on 01/06/2012 at the average price of 73.01. Charles Bonomo owns at least 12,002 shares after this. The price of the stock has decreased by 0.08% since.

For the complete insider trading history of MSM, 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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