Director Craig Ramsey sold 400,000 shares of GWRE stock on 04/24/2012 at the average price of 28.25. Craig Ramsey owns at least 1,465,598 shares after this. The price of the stock has decreased by 10.34% since.
10% Owner Partners X Lp Bay sold 2,000,000 shares of GWRE stock on 04/24/2012 at the average price of 28.25. Partners X Lp Bay owns at least 8,036,287 shares after this. The price of the stock has decreased by 10.34% since.
Director, 10% Owner Neal Dempsey sold 2,000,000 shares of GWRE stock on 04/24/2012 at the average price of 28.25. Neal Dempsey owns at least 8,036,287 shares after this. The price of the stock has decreased by 10.34% since.
For the complete insider trading history of GWRE, 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.
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