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.
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Why CEOs Are Buying Stocks Of Their Own Companies?
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."
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.
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.
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