CEO Ron Bentsur bought 19,100 shares of KERX stock on 04/18/2012 at the average price of 1.3. Ron Bentsur owns at least 479,476 shares after this.
CEO Ron Bentsur sold 684 shares of KERX stock on 07/03/2012 at the average price of 1.99. Ron Bentsur owns at least 478,792 shares after this. The price of the stock has increased by 37.69% since.
CFO Recent Trades:
CFO James F Oliviero Iii sold 4,559 shares of KERX stock on 07/03/2012 at the average price of 1.99. James F Oliviero Iii owns at least 572,001 shares after this. The price of the stock has increased by 37.69% since.
For the complete insider trading history of KERX, click here.
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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.
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