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Iridex Corporation (IRIX) CFO & COO James H Mackaness sells 6,000 Shares

February 11, 2013 | About: IRIX +0%
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CFO & COO of Iridex Corporation (IRIX) James H Mackaness sells 6,000 shares of IRIX on 02/11/2013 at an average price of $4.61 a share.

Iridex Corporation has a market cap of $43.6 million; its shares were traded at around $4.78 with a P/E ratio of 119.7 and P/S ratio of 1.4.

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


CEO Recent Trades:


  • Chairman and CEO William M Moore bought 10,000 shares of IRIX stock on 09/06/2012 at the average price of 3.76. William M Moore owns at least 73,944 shares after this. The price of the stock has increased by 27.13% since.

CFO Recent Trades:


  • CFO & COO James H Mackaness sold 6,000 shares of IRIX stock on 02/11/2013 at the average price of 4.61. James H Mackaness owns at least 2,000 shares after this. The price of the stock has increased by 3.69% since.
  • CFO James H Mackaness sold 9,000 shares of IRIX stock on 02/07/2013 at the average price of 4.69. James H Mackaness owns at least 2,000 shares after this. The price of the stock has increased by 1.92% since.

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




Directors and Officers Recent Trades:


  • Sr. VP, Global Sales Eduardo Arias sold 3,900 shares of IRIX stock on 02/05/2013 at the average price of 5. Eduardo Arias owns at least 153,025 shares after this. The price of the stock has decreased by 4.4% since.


For the complete insider trading history of IRIX, 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


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