Int CFO, VP, Controller & CAO of UTStarcom Inc. (UTSI) Viraj J Patel sells 29,995 shares of UTSI on 03/02/2010 at an average price of $2.06 a share.

Utstarcom Inc. has a market cap of $266.5 million; its shares were traded at around $2.06 with and P/S ratio of 0.2.

UTSI is in the portfolios of Chuck Royce of ROYCE & ASSOCIATES, Jim Simons of Renaissance Technologies LLC, Charles Brandes of Brandes Investment.

CFO Recent Trades:

• Sell:: Int CFO, VP, Controller & CAO Viraj J Patel sold 4,646 shares of UTSI stock on 11/09/2009 at the average price of 1.77, the price of the stock has increased by 16.38% since.


• Sell:: Int CFO, VP, Controller & CAO Viraj J Patel sold 127,566 shares of UTSI stock on 09/09/2009 at the average price of 1.99, the price of the stock has increased by 3.52% since.

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

Directors and Officers Recent Trades:

• Sell:: Director Hong Liang Lu sold 100,000 shares of UTSI stock on 09/16/2009 at the average price of 2.01, the price of the stock has increased by 2.49% since.


• Sell:: Director Thomas J Toy sold 20,435 shares of UTSI stock on 09/14/2009 at the average price of 1.96, the price of the stock has increased by 5.1% since.


• Sell:: Director Hong Liang Lu sold 25,860 shares of UTSI stock on 09/08/2009 at the average price of 2.08, the price of the stock has decreased by 0.96% since.


• Sell:: SVP and General Counsel Susan Marsch sold 4,159 shares of UTSI stock on 09/08/2009 at the average price of 2.02, the price of the stock has increased by 1.98% since.

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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