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Transcend Services Inc. (TRCR) CEO Larry G Gerdes sells 316,250 Shares

December 22, 2009 | About:
insider

insider

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CEO of Transcend Services Inc. (TRCR) Larry G Gerdes sells 316,250 shares of TRCR on 12/22/2009 at an average price of $16.75 a share.

Transcend Services, Inc. believes that accurate, reliable and timely transcription creates the foundation for the patient medical record. To this end, the Company has created Internet-based, speech-recognition enabled, voice-to-text systems that allow its skilled medical language specialists to securely and quickly produce the highest quality medical documents. The Company's wide range of transcription and editing services encompass everything needed to securely receive, type, edit, format and distribute electronic copies of physician-dictated medical documents, from overflow projects to complete transcription outsourcing Transcend Services Inc. has a market cap of $173.7 million; its shares were traded at around $19.89 with a P/E ratio of 26.2 and P/S ratio of 3.6.


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




Directors and Officers Recent Trades:


  • Sell:: Director James D Edwards sold 10,000 shares of TRCR stock on 09/15/2009 at the average price of 16.55, the price of the stock has increased by 20.18% since.

  • Sell:: Director Sidney V Sack sold 5,000 shares of TRCR stock on 08/11/2009 at the average price of 15.68, the price of the stock has increased by 26.85% 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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