CEO James A Bianco sold 10,000 shares of CTIC stock on 12/29/2011 at the average price of 1.11. James A Bianco owns at least 3,782,924 shares after this. The price of the stock has decreased by 0.9% since.
CEO James A Bianco sold 10,000 shares of CTIC stock on 11/30/2011 at the average price of 1.08. James A Bianco owns at least 3,812,924 shares after this. The price of the stock has increased by 1.85% since.
CEO James A Bianco sold 25,000 shares of CTIC stock on 10/28/2011 at the average price of 1.26. James A Bianco owns at least 2,137,298 shares after this. The price of the stock has decreased by 12.7% since.
For the complete insider trading history of CTIC, 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."
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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.
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