EVP & CFO of Vertex Pharmaceuticals Inc. (VRTX) Ian F Smith sells 44,787 shares of VRTX on 10/08/2012 at an average price of $60 a share.

Vertex Pharmaceuticals Incorporated has a market cap of $12.82 billion; its shares were traded at around $58.48 with a P/E ratio of 28.8 and P/S ratio of 9.1.


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

Directors and Officers Recent Trades:

• Director Joshua S Boger sold 4,000 shares of VRTX stock on 10/03/2012 at the average price of 57.74. Joshua S Boger owns at least 946,181 shares after this. The price of the stock has increased by 1.28% since.
• Director Joshua S Boger sold 4,000 shares of VRTX stock on 09/26/2012 at the average price of 55.07. Joshua S Boger owns at least 946,181 shares after this. The price of the stock has increased by 6.19% since.
• SVP, Corp Affairs & Pub Policy Amit Sachdev sold 9,531 shares of VRTX stock on 09/21/2012 at the average price of 59. Amit Sachdev owns at least 21,770 shares after this. The price of the stock has decreased by 0.88% since.
• SVP, Human Resources Lisa Kelly sold 4,047 shares of VRTX stock on 09/19/2012 at the average price of 57.61. Lisa Kelly owns at least 19,206 shares after this. The price of the stock has increased by 1.51% since.
• Director Joshua S Boger sold 4,000 shares of VRTX stock on 09/19/2012 at the average price of 57.66. Joshua S Boger owns at least 946,181 shares after this. The price of the stock has increased by 1.42% since.

For the complete insider trading history of VRTX, 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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