Senior V.P. of Finance, CFO of Ameristar Casinos Inc. (ASCA) Thomas M Steinbauer sells 10,000 shares of ASCA on 09/14/2012 at an average price of $17.45 a share.

Ameristar Casinos, Inc. has a market cap of $558.2 million; its shares were traded at around $17.475 with a P/E ratio of 8.3 and P/S ratio of 0.5. The dividend yield of Ameristar Casinos, Inc. stocks is 3%.

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

CEO Recent Trades:

• CEO Gordon Kanofsky sold 27,460 shares of ASCA stock on 06/07/2012 at the average price of 19.14. Gordon Kanofsky owns at least 339,392 shares after this. The price of the stock has decreased by 8.7% since.
• CEO Gordon Kanofsky sold 200 shares of ASCA stock on 06/07/2012 at the average price of 19.34. Gordon Kanofsky owns at least 339,192 shares after this. The price of the stock has decreased by 9.64% since.
• CEO Gordon Kanofsky sold 26,295 shares of ASCA stock on 05/07/2012 at the average price of 19.26. Gordon Kanofsky owns at least 339,192 shares after this. The price of the stock has decreased by 9.27% since.

CFO Recent Trades:

• Senior V.P. of Finance, CFO Thomas M Steinbauer sold 10,000 shares of ASCA stock on 09/14/2012 at the average price of 17.45. Thomas M Steinbauer owns at least 191,835 shares after this. The price of the stock has increased by 0.14% since.

This is the insider trade history vs. stock price of ASCA. For the complete insider trading history of ASCA, click here.

Directors and Officers Recent Trades:

• Director Luther P Cochrane bought 12,377 shares of ASCA stock on 08/03/2012 at the average price of 15.99. Luther P Cochrane owns at least 35,997 shares after this. The price of the stock has increased by 9.29% since.
• Director Leslie Nathanson Juris sold 1,650 shares of ASCA stock on 08/09/2012 at the average price of 17.19. Leslie Nathanson Juris owns at least 21,970 shares after this. The price of the stock has increased by 1.66% since.
• President, COO Larry Hodges sold 12,300 shares of ASCA stock on 05/14/2012 at the average price of 18.41. Larry Hodges owns at least 216,975 shares after this. The price of the stock has decreased by 5.08% since.

For the complete insider trading history of ASCA, click here.

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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