President and CEO David P Stockert sold 5,345 shares of PPS stock on 09/06/2012 at the average price of 51.5. David P Stockert owns at least 134,747 shares after this. The price of the stock has decreased by 7.81% since.
CFO Recent Trades:
EVP & CFO Christopher J Papa sold 8,370 shares of PPS stock on 11/20/2012 at the average price of 47.2. Christopher J Papa owns at least 28,028 shares after this. The price of the stock has increased by 0.59% since.
EVP & CFO Christopher J Papa sold 2,023 shares of PPS stock on 08/24/2012 at the average price of 51.09. Christopher J Papa owns at least 36,398 shares after this. The price of the stock has decreased by 7.07% since.
For the complete insider trading history of PPS, click here.
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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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