Secretary and General Counsel Chris Mckee bought 5,000 shares of GTLT stock on 03/28/2012 at the average price of 2.17. Chris Mckee owns at least 230,500 shares after this.
Executive Chairman, 10% Owner H Brian Thompson bought 4,400 shares of GTLT stock on 11/21/2011 at the average price of 1.35. H Brian Thompson owns at least 5,622,071 shares after this.
Executive Chairman, 10% Owner H Brian Thompson bought 27,000 shares of GTLT stock on 11/18/2011 at the average price of 1.35. H Brian Thompson owns at least 5,617,671 shares after this.
Executive Chairman, 10% Owner H Brian Thompson bought 18,600 shares of GTLT stock on 11/16/2011 at the average price of 1.35. H Brian Thompson owns at least 5,590,671 shares after this.
For the complete insider trading history of GTLT, click here.
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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.