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Goodrich Petroleum Corp. (GDP) President & COO Robert C Jr Turnham buys 2,300 Shares

January 21, 2010 | About:
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President & COO of Goodrich Petroleum Corp. (GDP) Robert C Jr Turnham buys 2,300 shares of GDP on 01/15/2010 at an average price of $21.82 a share.

Goodrich Petroleum Corp. has a market cap of $856.4 million; its shares were traded at around $22.9 with and P/S ratio of 3.9. Goodrich Petroleum Corp. had an annual average earning growth of 14.8% over the past 5 years.

GDP is in the portfolios of John Keeley of Keeley Fund Management, Bruce Kovner of Caxton Associates, Chuck Royce of ROYCE & ASSOCIATES.


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




Directors and Officers Recent Trades:


  • Buy:: President & COO Robert C Jr Turnham bought 2,300 shares of GDP stock on 01/15/2010 at the average price of 21.82, the price of the stock has increased by 4.95% since.

  • Sell:: VP & Controller Jan L Schott sold 561 shares of GDP stock on 01/11/2010 at the average price of 25.07, the price of the stock has decreased by 8.66% since.

  • Sell:: VP & Controller Jan L Schott sold 1,462 shares of GDP stock on 12/14/2009 at the average price of 22.45, the price of the stock has increased by 2% since.

  • Sell:: Director Gene Washington sold 4,000 shares of GDP stock on 12/11/2009 at the average price of 21.44, the price of the stock has increased by 6.81% since.

  • Sell:: Director Henry Goodrich sold 11,943 shares of GDP stock on 08/25/2009 at the average price of 25.17, the price of the stock has decreased by 9.02% since.


About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

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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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