Buy:: Vice President & GC Richard D. Rose bought 250 shares of CCC stock on 12/09/2009 at the average price of 14.07, the price of the stock has increased by 13.72% since.
Buy:: Director William R Newlin bought 10,300 shares of CCC stock on 12/04/2009 at the average price of 14.58, the price of the stock has increased by 9.74% since.
Sell:: Vice President Gail A Gerono sold 500 shares of CCC stock on 12/08/2009 at the average price of 14.09, the price of the stock has increased by 13.56% 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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