EVP Finance/CFO of Salix Pharmaceuticals Ltd. (SLXP) Adam C Derbyshire sells 3,358 shares of SLXP on 01/17/2012 at an average price of $50.06 a share.

Salix Pharmaceuticals Ltd. has a market cap of $2.9 billion; its shares were traded at around $49 with a P/E ratio of 22.5 and P/S ratio of 8.6.


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

Directors and Officers Recent Trades:

• Director Alonzo Thomas D bought 690 shares of SLXP stock on 08/11/2011 at the average price of 29.72. Alonzo Thomas D owns at least 79,730 shares after this. The price of the stock has increased by 64.87% since.
• Director Alonzo Thomas D sold 4,700 shares of SLXP stock on 12/06/2011 at the average price of 44.43. Alonzo Thomas D owns at least 90,030 shares after this. The price of the stock has increased by 10.29% since.
• Director John F Chappell sold 1,360 shares of SLXP stock on 09/07/2011 at the average price of 29.55. John F Chappell owns at least 552,244 shares after this. The price of the stock has increased by 65.82% since.
• Director John F Chappell sold 2,000 shares of SLXP stock on 08/31/2011 at the average price of 31.14. John F Chappell owns at least 553,604 shares after this. The price of the stock has increased by 57.35% since.
• Director John F Chappell sold 1,000 shares of SLXP stock on 08/29/2011 at the average price of 29.69. John F Chappell owns at least 555,604 shares after this. The price of the stock has increased by 65.04% since.

For the complete insider trading history of SLXP, 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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