Chief Scientific Officer Jerry S Lanchbury sold 21,804 shares of MYGN stock on 02/01/2012 at the average price of 24.05. Jerry S Lanchbury owns at least 22,735 shares after this. The price of the stock has decreased by 0.21% since.
President & C.E.O. Peter D Meldrum sold 30,200 shares of MYGN stock on 02/01/2012 at the average price of 23.95. Peter D Meldrum owns at least 180,921 shares after this. The price of the stock has increased by 0.21% since.
President & C.E.O. Peter D Meldrum sold 15,000 shares of MYGN stock on 01/26/2012 at the average price of 23.04. Peter D Meldrum owns at least 180,921 shares after this. The price of the stock has increased by 4.17% since.
For the complete insider trading history of MYGN, 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.
A Ben Graham Net-Net with 19 Straight Years of Profits
May's Ben Graham Net-Net pick has been profitable for 19 straight years. It has 25% of its market cap in cash. And zero debt. Insiders own 48% of the company. We will buy this net-net on Monday.