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ENERGY RECOVERY, INC. (ERII) Executive Chairman Hans Peter Michelet sells 59,153 Shares

March 03, 2010 | About:
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insider

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Executive Chairman of ENERGY RECOVERY, INC. (ERII) Hans Peter Michelet sells 59,153 shares of ERII on 03/01/2010 at an average price of $6.48 a share.

Energy Recovery, Inc. has a market cap of $333.6 million; its shares were traded at around $6.65 with a P/E ratio of 47.5 and P/S ratio of 6.4.


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




Directors and Officers Recent Trades:


  • Sell:: Director Fred Olav Johannessen sold 12,500 shares of ERII stock on 02/19/2010 at the average price of 6.35, the price of the stock has increased by 4.72% since.

  • Sell:: Director Fred Olav Johannessen sold 10,000 shares of ERII stock on 02/17/2010 at the average price of 6.25, the price of the stock has increased by 6.4% since.

  • Sell:: Director Fred Olav Johannessen sold 22,500 shares of ERII stock on 02/02/2010 at the average price of 6.1, the price of the stock has increased by 9.02% since.

  • Sell:: Director Fred Olav Johannessen sold 5,548 shares of ERII stock on 01/20/2010 at the average price of 6.82, the price of the stock has decreased by 2.49% since.

  • Sell:: Director Fred Olav Johannessen sold 64,235 shares of ERII stock on 01/19/2010 at the average price of 6.62, the price of the stock has increased by 0.45% 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: 3.4/5 (5 votes)

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