Director Robert C Hawk sold 14,584 shares of IQNT stock on 08/15/2012 at the average price of 11.77. Robert C Hawk owns at least 28,126 shares after this. The price of the stock has decreased by 1.87% since.
Director Rian J. Wren sold 72,528 shares of IQNT stock on 08/14/2012 at the average price of 11.97. Rian J. Wren owns at least 96,815 shares after this. The price of the stock has decreased by 3.51% since.
President of Americas David A. Lopez sold 15,000 shares of IQNT stock on 08/10/2012 at the average price of 12.02. David A. Lopez owns at least 113,931 shares after this. The price of the stock has decreased by 3.91% since.
For the complete insider trading history of IQNT, 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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