Weekly CFO Sells Highlight: FXCM, MU, WAB, RLD, DISH

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Aug 18, 2013
According to GuruFocus Insider Data, the largest CFO sells during the past week were: FXCM Inc., Micron Technology Inc., Westinghouse Air Brake Technologies Corp, RealD Inc. and DISH Network Corp.

FXCM Inc. (FXCM, Financial): CFO Robert Lande Sold 147,500 Shares

CFO Robert Lande sold 147,500 shares of FXCM stock on 08/13/2013 at the average price of $17.7. Robert Lande owns at least 24,300 shares after this. The price of the stock has increased by 4.63% since.

FXCM Inc. was incorporated in Delaware on August 10, 2010. FXCM, Inc. has a market cap of $704.618 million; its shares were traded at around $18.52 with a P/E ratio of 22.22 and P/S ratio of 1.12. The dividend yield of FXCM, Inc. stocks is 1.30%.

FXCM Inc. reported July 2013 retail trading volume of $388 billion, 35% higher than in the July of 2012. Second quarter profit was $10.1 million ($0.32 per share), compared to a loss of $1.44 million prior year quarter. Revenue rose 53% to $140.1 million.

Chief Technology Officer Evan Milazzo and General Counsel David S. Sassoon have both also recently sold shares of FXCM stock.

Micron Technology, Inc. (MU, Financial): CFO & VP OF FINANCE Ronald C Foster Sold 100,000 Shares

CFO & VP OF FINANCE of Micron Technology, Inc. (MU) Ronald C Foster sold 100,000 shares during the past week at an average price of $14.26.

Micron Technology Inc. has a market cap of $14.54 billion; its shares were traded at around $14.01 with and P/S ratio of 1.74. Micron Technology, Inc. had an annual average earnings growth of 21.1% over the past 10 years. GuruFocus rated Micron Technology, Inc. the business predictability rank of 2-star.

In its third quarter of 2013, Micron Technology Inc. generated net income of $43 million ($0.04 per diluted share), with sales of $2.3 billion. This is improved vs a loss of $320 million on sales of $2.2 billion in the same quarter of last year. The rise in income was helped by consolidated gross margin improvement to 24 percent compared to 18 percent last year.

Vice President R&D Scott J Deboer, VP Worldwide Operations Brian Shields, and multiple other insiders also recently sold shares of MU stock over the past week.

Westinghouse Air Brake Technologies Corp (WAB, Financial): Exec. VP and CFO Tunon Alvaro Garcia Sold 79,500 Shares

Exec. VP and CFO Tunon Alvaro Garcia sold 79,500 shares of WAB stock on 08/09/2013 at the average price of $58.68. Tunon Alvaro Garcia owns at least 71,094 shares after this. The price of the stock has decreased by 0.66% since.

Westinghouse Air Brake Technologies Corp. is a provider of value-added, technology-based products and services for the global rail industry. Westinghouse Air Brake Technologies Corp has a market cap of $5.61 billion; its shares were traded at around $58.29 with a P/E ratio of 20.70 and P/S ratio of 2.30. The dividend yield of Westinghouse Air Brake Technologies Corp stocks is 0.20%. Westinghouse Air Brake Technologies Corp had an annual average earnings growth of 18.6% over the past 10 years. GuruFocus rated Westinghouse Air Brake Technologies Corp the business predictability rank of 5-star.

Second quarter 2013 sales were $638 million, 5% higher than the same quarter of 2012. Income from operations were 17.6% of sales at $113 million, with earnings per diluted share of $0.77 – 15% higher than last year.

Director Brian Hehir sold 2,000 shares of WAB stock on 08/12/2013 at the average price of $58.91.

RealD Inc. (RLD, Financial): CFO Andrew A. Skarupa Sold 115,000 Shares

CFO Andrew A. Skarupa sold 115,000 shares of RLD stock on 08/12/2013 at the average price of $9.22. Andrew A. Skarupa owns at least 53,916 shares after this. The price of the stock has decreased by 3.9% since.

RealD Inc. has a market cap of $438.427 million; its shares were traded at around $8.86 with a P/E ratio of 2960.30 and P/S ratio of 2.19.

RealD Inc. has released its first quarter 2013 results ended June 30, 2013. Total revenue this quarter was $59.2 million, compared to $68.2 million in the same quarter last year. GAAP net loss was $1.5 million ($0.03 per share), compared to income of $3.0 million ($0.05 per share) prior year quarter. First quarter free cash flows were a negative $18.8 million, including capital expenditures of $10.1 million.

DISH Network Corp (DISH, Financial): EVP and CFO Robert E Olson Sold 60,000 Shares

EVP and CFO Robert E Olson sold 60,000 shares of DISH stock on 08/08/2013 at the average price of $44.72. Robert E Olson owns at least 646 shares after this. The price of the stock has decreased by 0.49% since.

DISH Network Corp was organized in 1995 under the laws of the State of Nevada and started offering the DISH pay-TV service in March 1996. Dish Network Corp has a market cap of $20.32 billion; its shares were traded at around $44.50 with a P/E ratio of 79.37 and P/S ratio of 1.42. Dish Network Corp had an annual average earnings growth of 11.1% over the past 10 years.

DISH has reported its second quarter 2013 results. Quarterly revenue was $3.61 billion, an increase from $3.57 billion reported prior year quarter. Net loss for the company was $11 million, compared to income of $226 million in the second quarter of 2012. The loss this quarter was affected by a $438 million impairment involving acquired satellites. Total subscribers declined by 78,000 this quarter.

EVP, DNS & Service Operations W. Erik Carlson sold 234,002 shares of DISH stock on 08/09/2013 at the average price of $45.27. EVP, Corporate Development Thomas A Cullen sold 125,000 shares of DISH stock on 08/09/2013 at the average price of $44.52. Multiple other insiders also recently sold shares of DISH stock.

For the complete list of stocks that Sold by their CFOs, go to: Insider Buys.