Sr. VP and CFO of Newport Corporation (NEWP) Charles F Cargile sells 10,000 shares of NEWP on 02/26/2013 at an average price of $16.01 a share.

Newport Corporation has a market cap of $626.3 million; its shares were traded at around $16.35 with a P/E ratio of 10.9 and P/S ratio of 1.

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

CEO Recent Trades:

• President & CEO Robert J Phillippy sold 17,567 shares of NEWP stock on 02/12/2013 at the average price of 15. Robert J Phillippy owns at least 228,685 shares after this. The price of the stock has increased by 9% since.
• President & CEO Robert J Phillippy sold 52,433 shares of NEWP stock on 02/05/2013 at the average price of 15. Robert J Phillippy owns at least 221,185 shares after this. The price of the stock has increased by 9% since.

CFO Recent Trades:

• Sr. VP and CFO Charles F Cargile sold 10,000 shares of NEWP stock on 02/26/2013 at the average price of 16.01. Charles F Cargile owns at least 111,170 shares after this. The price of the stock has increased by 2.12% since.

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

Directors and Officers Recent Trades:

• Sr. VP, General Counsel & Sec. Jeffrey B Coyne sold 8,000 shares of NEWP stock on 02/12/2013 at the average price of 15.01. Jeffrey B Coyne owns at least 58,166 shares after this. The price of the stock has increased by 8.93% since.
• Sr. VP, General Counsel & Sec. Jeffrey B Coyne sold 1,500 shares of NEWP stock on 02/05/2013 at the average price of 15. Jeffrey B Coyne owns at least 58,166 shares after this. The price of the stock has increased by 9% since.
• Sr. VP, General Counsel & Sec. Jeffrey B Coyne sold 15,950 shares of NEWP stock on 01/29/2013 at the average price of 14.52. Jeffrey B Coyne owns at least 58,166 shares after this. The price of the stock has increased by 12.6% since.
• Sr. VP, General Counsel & Sec. Jeffrey B Coyne sold 9,000 shares of NEWP stock on 01/02/2013 at the average price of 14. Jeffrey B Coyne owns at least 58,166 shares after this. The price of the stock has increased by 16.79% since.
• Director Kenneth F Potashner sold 1,333 shares of NEWP stock on 12/31/2012 at the average price of 13.33. Kenneth F Potashner owns at least 81,022 shares after this. The price of the stock has increased by 22.66% since.

For the complete insider trading history of NEWP, 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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