CFO of Middleby Corp. (MIDD) Timothy John Fitzgerald sells 5,714 shares of MIDD on 02/03/2011 at an average price of $99 a share.
Middleby Corp. has a market cap of $1.78 billion; its shares were traded at around $95.42 with a P/E ratio of 21.3 and P/S ratio of 2.5. Middleby Corp. had an annual average earning growth of 30% over the past 10 years. GuruFocus rated Middleby Corp. the business predictability rank of 3-star.
CFO Recent Trades:
CFO Timothy John Fitzgerald sold 5,714 shares of MIDD stock on 12/27/2011 at the average price of 97.75. Timothy John Fitzgerald owns at least 163,165 shares after this. The price of the stock has decreased by 2.38% since.
Director Ryan Levenson sold 830 shares of MIDD stock on 09/01/2011 at the average price of 80.13. Ryan Levenson owns at least 3,170 shares after this. The price of the stock has increased by 19.08% since.
For the complete insider trading history of MIDD, 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.
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