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Emulex Corp. (ELX) E V P COO Jeff Benck sells 10,000 Shares

February 22, 2010 | About:
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E V P COO of Emulex Corp. (ELX) Jeff Benck sells 10,000 shares of ELX on 02/22/2010 at an average price of $12.5 a share.

Emulex Corp. has a market cap of $1.06 billion; its shares were traded at around $13.12 with a P/E ratio of 69.1 and P/S ratio of 2.8.


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




Directors and Officers Recent Trades:


  • Buy:: Director Dean A Yoost bought 5,000 shares of ELX stock on 11/02/2009 at the average price of 9.82, the price of the stock has increased by 33.6% since.

  • Sell:: SVP Business Dev & CMO Steve Daheb sold 12,842 shares of ELX stock on 02/18/2010 at the average price of 12.18, the price of the stock has increased by 7.72% since.

  • Sell:: Executive Chairman Paul F Folino sold 32,850 shares of ELX stock on 01/27/2010 at the average price of 12, the price of the stock has increased by 9.33% since.

  • Sell:: President / C E O James M Mccluney sold 15,000 shares of ELX stock on 01/27/2010 at the average price of 12.05, the price of the stock has increased by 8.88% since.


About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

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


Rating: 3.0/5 (1 vote)

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