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Weekly CEO Sells Highlight: Mercadolibre Inc., Boeing Co., Jack in the Box Inc., inContact Inc.

August 19, 2013 | About:
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According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Mercadolibre Inc., Boeing Co, Jack in the Box Inc. inContact Inc.

Mercadolibre Inc. (MELI): President and CEO Marcos Galperin Sold 293,338 Shares

President and CEO of Mercadolibre Inc. (MELI) Marcos Galperin sold 293,338 shares on 08/08/2013 at an average price of $125.01. Mercadolibre Inc. was founded in 1999. The company has built and acquired electronic marketplaces in 12 Latin American markets including Brazil, Argentina and Mexico. Mercadolibre Inc. has a market cap of $5.38 billion; its shares were traded at around $121.91 with a P/E ratio of 51.81 and P/S ratio of 12.94. The dividend yield of Mercadolibre Inc. stocks is 0.41%. Mercadolibre Inc. had an annual average earnings growth of 35.4% over the past five years.

Mercaddolibre Inc. reported their 2013 second quarter financial results. The Company announced net sales of $112.2 million and net income of $40.7 million.

President and CEO Marcos Galperin sold 293,338 shares of MELI stock on 08/08/2013 at the average price of $125.01. Executive VP and COO Stelleo Tolda, Executive VP Payments Gimenez Osvaldo and Director A. Michael Spence sold 16,100 shares of MELI stock in May.

Boeing Co. (BA): Chairman, President and CEO W. James Mcnerney Jr. sold 282,037 Shares

Chairman, President and CEO of Boeing Co (BA) W James Jr Mcnerney sold 282,037 shares on 08/08/2013 at an average price of $106.21. Boeing Co., was originally incorporated in the State of Washington in 1916 and reincorporated in Delaware in 1934. Boeing Co has a market cap of $78.06 billion; its shares were traded at around $103.47 with a P/E ratio of 18.87 and P/S ratio of 0.95. The dividend yield of Boeing Co stocks is 1.83%. Boeing Co had an annual average earnings growth of 13.9% over the past 10 years. GuruFocus rated Boeing Co the business predictability rank of 3-star.

Boeing Co. announced their 2013 second quarter results with revenues of $21.8 billion and net income of $1.1 billion.

Chairman, President and CEO W. James Mcnerney Jr. sold 282,037 shares of BA stock on 08/08/2013 at the average price of $106.21. Director Lawrence W. Kellner bought 1,500 shares of BA stock on 05/01/2013 at the average price of $91.59. SVP, Human Resources Admin Anthony M. Parasida, SVP Internal Governance Wanda K. Denson-low, SVP, EO&T and CTO John J. Tracy and SVP, President, Boeing International Shephard W. Hill sold 161,381shares of BA stock in August.

Jack in the Box Inc. (JACK): Chairman and CEO Linda Lang Sold 300,000 Shares

Chairman and CEO of Jack in the Box Inc. (JACK) Linda Lang sold 300,000 shares during the past week at an average price of $40.46. Jack in the Box Inc. is a Delaware Corporation. The company operates and franchises more than 2,800 Jack in the Box quick-service restaurants (QSR) and Qdoba Mexican Grill fast-casual restaurants. Jack in the Box Inc. has a market cap of $1.72 billion; its shares were traded at around $39.82 with a P/E ratio of 24.69 and P/S ratio of 1.69. Jack in the Box Inc. had an annual average earnings growth of 6.1% over the past 10 years.

Jack in the Box Inc. reported their 2013 third quarter results. The company reported net sales of $350.3 million and net loss of $5.7 million.

Chairman and CEO Linda Lang sold 343,869 shares of JACK stock in April and August. Executive VP and CFO Jerry P. Rebel sold 120,000 shares of JACK stock in August and April. Director Michael W. Murphy, Vice President Financial Controller and Treasurer, 10% Owner Paul D. Melancon and Executive VP, General Counsel and Secretary Phillip H. Rudolph sold 102,600 shares of JACK stock in March and August.

inContact Inc. (SAAS): CEO Paul Jarman Sold 350,000 Shares

CEO of inContact Inc. (SAAS) Paul Jarman sold 350,000 shares during the past week at an average price of $8.85. inContact Inc. is Delaware Corporation. The company is a provider of cloud-based contact center solutions. inContact Inc. has a market cap of $465.159 million; its shares were traded at around $8.51 with and P/S ratio of 3.65.

inContact Inc. announced their 2013 second quarter financial results with total revenues of $31.1 million and net loss of $1.8 million.

CEO Paul Jarman sold 253,295 shares of SAAS stock in May and August. CFO Gregory S. Ayers sold 144,620 shares of SAAS stock on 05/14/2013 at the average price of $8.25. Chief Product Officer Hemant Gosain, Chief Business Officer Bassam Salem, Director Steve M. Barnett, and Director Blake O. Fisher Jr. sold 114,814 shares of SAAS stock in June, July and August.

For the complete list of stocks that were bought by their CEOs, go to: Insider Buys.


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