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Abovenet Inc. (ABVT) President & CEO William G Laperch sells 8,103 Shares

September 02, 2009 | About:
insider

President & CEO of Abovenet Inc. (ABVT) William G Laperch sells 8,103 shares of ABVT on 08/31/2009 at an average price of $92.69 a share.

AboveNet Inc. together with its subsidiaries provides bandwidth fiber optic communications infrastructure and co-location services to communications carriers and corporate and government customers primarily in the United States and the United Kingdom. Its private optical network delivers key network and IP services in and among 15 major U.S. metro markets and London. AboveNet's network is widely used in demanding markets such as financial services media health care retail and government. The Company provides lit broadband services over its metro networks long haul network and global IP network utilizing equipment that it owns and operates. In addition it also provides dark fiber services to customers. Formerly known as Metromedia Fiber Network Inc. the company is based in White Plains New York with an additional office in London the United Kingdom. Abovenet Inc. has a market cap of $1 billion; its shares were traded at around $88.07 .

Recent Trades of Abovenet Inc. by CEO:


  • Sell: President & CEO William G Laperch sold 19,000 shares of ABVT stock on 08/18/2009 at the average price of $93.32; the price of the stock has decreased by 5.63% since.


Recent Trades of Abovenet Inc. by Directors and Officers:


  • Buy: Director Michael J Embler bought 2,000 shares of ABVT stock on 05/13/2009 at the average price of $59.99; the price of the stock has increased by 46.81% since.
  • Sell: SVP & Chief Technology Officer Rajiv Datta sold 12,550 shares of ABVT stock on 08/26/2009 at the average price of $95.01; the price of the stock has decreased by 7.3% since.
  • Sell: Director Richard L Shorten sold 4,400 shares of ABVT stock on 08/26/2009 at the average price of $94.9; the price of the stock has decreased by 7.2% since.
  • Sell: SVP of Operations Douglas Jendras sold 7,000 shares of ABVT stock on 08/24/2009 at the average price of $94.01; the price of the stock has decreased by 6.32% since.
  • Sell: SVP of Operations Douglas Jendras sold 7,000 more shares of ABVT stock on 08/24/2009 at the average price of $94.01; the price of the stock has decreased by 6.32% since.



Rating: 4.0/5 (3 votes)

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