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Potlatch Corp. (PCH) Chairman, President &CEO Michael J Covey sells 80,000 Shares

October 29, 2012 | About:
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Chairman, President &CEO of Potlatch Corp. (PCH) Michael J Covey sells 80,000 shares of PCH on 10/26/2012 at an average price of $38.43 a share.

Potlatch Corp. has a market cap of $1.56 billion; its shares were traded at around $38.57 with a P/E ratio of 55.1 and P/S ratio of 3.1. The dividend yield of Potlatch Corp. stocks is 3.2%.

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


CEO Recent Trades:


  • Chairman, President &CEO Michael J Covey sold 80,000 shares of PCH stock on 10/26/2012 at the average price of 38.43. Michael J Covey owns at least 171,694 shares after this. The price of the stock has increased by 0.36% since.

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




Directors and Officers Recent Trades:


  • CONTROLLER Terry L Carter sold 2,241 shares of PCH stock on 07/26/2012 at the average price of 36. Terry L Carter owns at least 34,285 shares after this. The price of the stock has increased by 7.14% since.
  • Director William Lindeke Driscoll sold 16,450 shares of PCH stock on 05/11/2012 at the average price of 30.36. William Lindeke Driscoll owns at least 88,647 shares after this. The price of the stock has increased by 27.04% since.


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

About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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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


Rating: 4.0/5 (1 vote)

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