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Ascena Retail Group Inc. (ASNA) Executive Vice President & CFO Armand Correia sells 30,000 Shares

Jan 20, 2012 | About:
insider
insider
Executive Vice President & CFO of Ascena Retail Group Inc. (ASNA) Armand Correia sells 30,000 shares of ASNA on 01/20/2012 at an average price of $35.42 a share.

Ascena Retail Group Inc. has a market cap of $2.71 billion; its shares were traded at around $35.37 with a P/E ratio of 15.1 and P/S ratio of 0.9. Ascena Retail Group Inc. had an annual average earning growth of 18.4% over the past 10 years. GuruFocus rated Ascena Retail Group Inc. the business predictability rank of 4-star.


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




Directors and Officers Recent Trades:


  • Director Elliot S Jaffe bought 100,000 shares of ASNA stock on 09/22/2011 at the average price of 24.85. Elliot S Jaffe owns at least 1,006,026 shares after this. The price of the stock has increased by 42.33% since.
  • SVP, General Counsel Gene Wexler sold 3,103 shares of ASNA stock on 01/19/2012 at the average price of 35.28. Gene Wexler owns at least 9,176 shares after this. The price of the stock has increased by 0.26% since.
  • SVP, General Counsel Gene Wexler sold 2,513 shares of ASNA stock on 12/09/2011 at the average price of 28.81. Gene Wexler owns at least 14,090 shares after this. The price of the stock has increased by 22.77% since.


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

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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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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