CEO of Progenics Pharmaceuticals, Inc. (PGNX) Mark Robert Baker buys 1,142 shares of PGNX on 12/26/2012 at an average price of $3.01 a share.

Progenics Pharmaceuticals, Inc. has a market cap of $101.4 million; its shares were traded at around $2.97 with and P/S ratio of 1.2.

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

CEO Recent Trades:

• CEO Mark Robert Baker bought 1,142 shares of PGNX stock on 12/26/2012 at the average price of 3.01. Mark Robert Baker owns at least 158,014 shares after this. The price of the stock has decreased by 1.33% since.
• CEO Mark Robert Baker bought 1,607 shares of PGNX stock on 11/28/2012 at the average price of 2.13. Mark Robert Baker owns at least 156,872 shares after this. The price of the stock has increased by 39.44% since.
• CEO Mark Robert Baker bought 11,800 shares of PGNX stock on 11/19/2012 at the average price of 1.96. Mark Robert Baker owns at least 155,265 shares after this. The price of the stock has increased by 51.53% since.
• CEO Mark Robert Baker bought 49,793 shares of PGNX stock on 11/16/2012 at the average price of 1.82. Mark Robert Baker owns at least 143,465 shares after this. The price of the stock has increased by 63.19% since.
• CEO Mark Robert Baker bought 48,833 shares of PGNX stock on 11/15/2012 at the average price of 1.69. Mark Robert Baker owns at least 93,672 shares after this. The price of the stock has increased by 75.74% since.

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

Directors and Officers Recent Trades:

• Senior VP Medical Affairs Robert J Israel sold 1,000 shares of PGNX stock on 07/02/2012 at the average price of 9.79. Robert J Israel owns at least 35,050 shares after this. The price of the stock has decreased by 69.66% since.

For the complete insider trading history of PGNX, 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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