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Haverty Furniture Companies Inc. (HVT) President & CEO Clarence H Smith sells 12,284 Shares

March 19, 2010 | About:
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insider

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President & CEO of Haverty Furniture Companies Inc. (HVT) Clarence H Smith sells 12,284 shares of HVT on 03/18/2010 at an average price of $16.07 a share.

Haverty Furniture Companies Inc. has a market cap of $347.1 million; its shares were traded at around $16.2 with and P/S ratio of 0.6.

HVT is in the portfolios of Third Avenue Management, Chuck Royce of Royce& Associates, Jim Simons of Renaissance Technologies LLC.


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




Directors and Officers Recent Trades:


  • Sell:: Vice Pres., Secy. & Treas. Jenny H Parker sold 3,750 shares of HVT stock on 03/16/2010 at the average price of 16.23, the price of the stock has decreased by 0.18% since.

  • Sell:: Executive Vice President Steven G Burdette sold 3,436 shares of HVT stock on 03/16/2010 at the average price of 16.2, the price of the stock has decreased by 0% since.

  • Sell:: Senior Vice President, 10% Owner Rawson Jr Haverty sold 40,000 shares of HVT stock on 03/09/2010 at the average price of 15.83, the price of the stock has increased by 2.34% since.

  • Sell:: Senior Vice President, 10% Owner Rawson Jr Haverty sold 5,951 shares of HVT stock on 11/24/2009 at the average price of 11.93, the price of the stock has increased by 35.79% since.

  • Sell:: Vice Pres. and General Counsel Janet E Taylor sold 1,717 shares of HVT stock on 11/17/2009 at the average price of 11.93, the price of the stock has increased by 35.79% since.


About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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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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