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Myriad Genetics Inc. (MYGN) CFO James S Evans sells 8,800 Shares

Feb 07, 2012 | About:
insider
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CFO of Myriad Genetics Inc. (MYGN) James S Evans sells 8,800 shares of MYGN on 02/06/2012 at an average price of $23.98 a share.

Myriad Genetics Inc. has a market cap of $2.03 billion; its shares were traded at around $24 with a P/E ratio of 19.5 and P/S ratio of 5.


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




Directors and Officers Recent Trades:


  • 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.

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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