Chairman of the Board of Bassett Furniture Industries Inc. (BSET) Paul Fulton buys 3,000 shares of BSET on 01/27/2012 at an average price of $8.02 a share.
Bassett Furniture Industries Inc. has a market cap of $92.41 million; its shares were traded at around $8.08 with a P/E ratio of 18.36 and P/S ratio of 0.36. The dividend yield of Bassett Furniture Industries Inc. stocks is 1.73%.
Pres & CEO Robert H Jr Spilman bought 1,000 shares of BSET stock on 08/05/2011 at the average price of 7.59. Robert H Jr Spilman owns at least 107,499 shares after this. The price of the stock has increased by 6.46% since.
Senior Vice President, Wood John E Bassett Iii sold 1,000 shares of BSET stock on 08/26/2011 at the average price of 7.39. John E Bassett Iii owns at least 24,121 shares after this. The price of the stock has increased by 9.34% since.
For the complete insider trading history of BSET, 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.
TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. Study found that the aggregated activities of insiders can serve a good indicator to locate the market bottoms. Insider as a whole are smart investors of their own companies.