COO Rajiv Khemani sold 10,000 shares of CAVM stock on 11/01/2012 at the average price of 33.33. Rajiv Khemani owns at least 35,001 shares after this. The price of the stock has decreased by 2.67% since.
COO Rajiv Khemani sold 20,000 shares of CAVM stock on 08/09/2012 at the average price of 33.15. Rajiv Khemani owns at least 35,001 shares after this. The price of the stock has decreased by 2.14% since.
SVP & General Counsel Vincent P Pangrazio sold 2,813 shares of CAVM stock on 08/06/2012 at the average price of 31.12. Vincent P Pangrazio owns at least 1,875 shares after this. The price of the stock has increased by 4.24% since.
For the complete insider trading history of CAVM, click here.
About the author:
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.