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Anaren Inc. (ANEN) President, CEO and Chairman Lawrence A Sala sells 20,000 Shares

September 17, 2009 | About:
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President, CEO and Chairman of Anaren Inc. (ANEN) Lawrence A Sala sells 20,000 shares of ANEN on 09/16/2009 at an average price of $16.96 a share.

Anaren designs develops manufactures and sells highly integrated microwave component assemblies and subsystems for the wireless communications satellite communications and defense electronics markets. Anaren Inc. has a market cap of $250 million; its shares were traded at around $17.21 with a P/E ratio of 31.9 and P/S ratio of 1.5. Anaren Inc. had an annual average earning growth of 18.6% over the past 5 years.

Recent Trades of Anaren Inc. by CFO:

  • Buy: CFO, Senior VP and Treasurer George A Blanton bought 3,000 shares of ANEN stock on 08/17/2009 at the average price of $15.64; the price of the stock has increased by 10.04% since.


Recent Trades of Anaren Inc. by Directors and Officers:

  • Sell: Director David Wilemon sold 5,000 shares of ANEN stock on 08/24/2009 at the average price of $16.14; the price of the stock has increased by 6.63% since.

  • Sell: Director Dale F Eck sold 5,000 shares of ANEN stock on 08/20/2009 at the average price of $16.5; the price of the stock has increased by 4.3% since.

  • Sell: Director James G Gould sold 5,000 shares of ANEN stock on 07/22/2009 at the average price of $18.41; the price of the stock has decreased by 6.52% since.

  • Sell: Director James G Gould sold 5,000 more shares of ANEN stock on 07/22/2009 at the average price of $18.41; the price of the stock has decreased by 6.52% since.

  • Sell: Director James G Gould sold 5,000 more shares of ANEN stock on 07/22/2009 at the average price of $18.41; the price of the stock has decreased by 6.52% since.


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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