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Landec Corp. (LNDC) CEO and President Gary T Steele sells 59,343 Shares

Feb 10, 2012 | About: LNDC +1.73%
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CEO and President of Landec Corp. (LNDC) Gary T Steele sells 59,343 shares of LNDC on 02/10/2012 at an average price of $6.67 a share.

Landec Corp. has a market cap of $168.5 million; its shares were traded at around $6.6 with a P/E ratio of 17.9 and P/S ratio of 0.6. Landec Corp. had an annual average earning growth of 7.4% over the past 5 years.

This is the annual revenues and earnings per share of LNDC over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of LNDC.


CEO Recent Trades:


  • CEO and President Gary T Steele sold 24,282 shares of LNDC stock on 02/07/2012 at the average price of 6.54. Gary T Steele owns at least 221,002 shares after this. The price of the stock has increased by 0.92% since.
  • CEO and President Gary T Steele sold 6,375 shares of LNDC stock on 10/27/2011 at the average price of 6.53. Gary T Steele owns at least 245,284 shares after this. The price of the stock has increased by 1.07% since.

CFO Recent Trades:


  • VP Finance and Admin & CFO Gregory S Skinner bought 10,000 shares of LNDC stock on 10/20/2011 at the average price of 5.65. Gregory S Skinner owns at least 169,370 shares after this. The price of the stock has increased by 16.81% since.


For the complete insider trading history of LNDC, 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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