Director Jose Cortes sold 15,400 shares of MXWL stock on 03/16/2012 at the average price of 18.75. Jose Cortes owns at least 2,216,912 shares after this. The price of the stock has decreased by 49.87% since.
Director Jose Cortes sold 40,000 shares of MXWL stock on 03/13/2012 at the average price of 18.54. Jose Cortes owns at least 1,138,488 shares after this. The price of the stock has decreased by 49.3% since.
Director Jose Cortes sold 50,000 shares of MXWL stock on 12/16/2011 at the average price of 15.03. Jose Cortes owns at least 1,178,488 shares after this. The price of the stock has decreased by 37.46% since.
For the complete insider trading history of MXWL, click here.
About the author:
GuruFocus - Stock Picks and Market Insight of Gurus
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.
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More) Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names