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PSS World Medical Inc. (PSSI) President and CEO Gary A Corless sells 22,905 Shares

Feb 08, 2012 | About:
insider
insider
President and CEO of PSS World Medical Inc. (PSSI) Gary A Corless sells 22,905 shares of PSSI on 02/07/2012 at an average price of $25.07 a share.

Pss World Medical Inc. has a market cap of $1.32 billion; its shares were traded at around $25.12 with a P/E ratio of 18.2 and P/S ratio of 0.7. Pss World Medical Inc. had an annual average earning growth of 24.1% over the past 10 years.

CFO Recent Trades:


  • Executive Vice President & CFO David M Bronson sold 35,000 shares of PSSI stock on 01/03/2012 at the average price of 24.82. David M Bronson owns at least 22,191 shares after this. The price of the stock has increased by 1.21% since.

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




Directors and Officers Recent Trades:


  • Director Melvin L Hecktman sold 4,000 shares of PSSI stock on 02/01/2012 at the average price of 24.34. Melvin L Hecktman owns at least 99,885 shares after this. The price of the stock has increased by 3.2% since.
  • Director Charles E Adair sold 17,991 shares of PSSI stock on 01/30/2012 at the average price of 24.31. Charles E Adair owns at least 16,980 shares after this. The price of the stock has increased by 3.33% since.
  • Director Delores P Kesler sold 25,991 shares of PSSI stock on 01/03/2012 at the average price of 25.04. Delores P Kesler owns at least 87,428 shares after this. The price of the stock has increased by 0.32% since.
  • Director Melvin L Hecktman sold 4,000 shares of PSSI stock on 11/30/2011 at the average price of 24. Melvin L Hecktman owns at least 103,926 shares after this. The price of the stock has increased by 4.67% since.
  • Director Delores P Kesler sold 17,820 shares of PSSI stock on 11/08/2011 at the average price of 23.06. Delores P Kesler owns at least 87,428 shares after this. The price of the stock has increased by 8.93% since.


For the complete insider trading history of PSSI, 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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