Vice President & CFO of MagneTek Inc. (MAG) Marty J Schwenner buys 2,000 shares of MAG on 03/08/2010 at an average price of $1.54 a share.

Magnetek Inc. has a market cap of $46.62 million; its shares were traded at around $1.5 with and P/S ratio of 0.47.

MAG is in the portfolios of Chuck Royce of ROYCE & ASSOCIATES, Jim Simons of Renaissance Technologies LLC, John Keeley of Keeley Fund Management.

This is the annual revenues and earnings per share of MAG over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of MAG.

CEO Recent Trades:

• Buy:: President & CEO Peter M Mccormick bought 900 shares of MAG stock on 02/11/2010 at the average price of 1.47, the price of the stock has increased by 2.04% since.


• Buy:: President & CEO Peter M Mccormick bought 1,000 shares of MAG stock on 12/04/2009 at the average price of 1.61, the price of the stock has decreased by 6.83% since.


• Buy:: President & CEO Peter M Mccormick bought 1,000 shares of MAG stock on 11/25/2009 at the average price of 1.23, the price of the stock has increased by 21.95% since.

CFO Recent Trades:

• Buy:: Vice President & CFO Marty J Schwenner bought 2,000 shares of MAG stock on 02/23/2010 at the average price of 1.5, the price of the stock has decreased by 0% since.


• Buy:: Vice President & CFO Marty J Schwenner bought 1,500 shares of MAG stock on 02/16/2010 at the average price of 1.48, the price of the stock has increased by 1.35% since.


• Buy:: Vice President & CFO Marty J Schwenner bought 3,000 shares of MAG stock on 02/12/2010 at the average price of 1.49, the price of the stock has increased by 0.67% since.


• Buy:: Vice President & CFO Marty J Schwenner bought 2,900 shares of MAG stock on 02/10/2010 at the average price of 1.41, the price of the stock has increased by 6.38% since.


• Buy:: Vice President & CFO Marty J Schwenner bought 1,350 shares of MAG stock on 12/11/2009 at the average price of 1.78, the price of the stock has decreased by 15.73% since.

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

Directors and Officers Recent Trades:

• Buy:: VP, General Counsel & Corp Sec Scott S Cramer bought 1,500 shares of MAG stock on 03/03/2010 at the average price of 1.48, the price of the stock has increased by 1.35% since.


• Buy:: Director David P Reiland bought 2,000 shares of MAG stock on 02/25/2010 at the average price of 1.45, the price of the stock has increased by 3.45% since.


• Buy:: Vice President, Controller Ryan D Gile bought 600 shares of MAG stock on 02/18/2010 at the average price of 1.5, the price of the stock has decreased by 0% since.


• Buy:: Director David P Reiland bought 5,000 shares of MAG stock on 02/10/2010 at the average price of 1.39, the price of the stock has increased by 7.91% since.


• Buy:: Director David A Sr Bloss bought 97,200 shares of MAG stock on 11/24/2009 at the average price of 1.22, the price of the stock has increased by 22.95% 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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