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Evergreen Solar Inc. (ESLR) President & CEO Richard M Feldt sells 26,450 Shares

March 19, 2010 | About:
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President & CEO of Evergreen Solar Inc. (ESLR) Richard M Feldt sells 26,450 shares of ESLR on 03/18/2010 at an average price of $1.23 a share.

Evergreen Solar Inc. has a market cap of $257.8 million; its shares were traded at around $1.24 with and P/S ratio of 0.9.

ESLR is in the portfolios of Jim Simons of Renaissance Technologies LLC.

CFO Recent Trades:


  • Sell:: CFO Hillow Michael El sold 7,035 shares of ESLR stock on 03/01/2010 at the average price of 1.15, the price of the stock has increased by 7.83% since.



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




Directors and Officers Recent Trades:


  • Sell:: Chief Technology Officer Brown F Williams sold 7,035 shares of ESLR stock on 03/01/2010 at the average price of 1.15, the price of the stock has increased by 7.83% since.

  • Sell:: VP of Const. Mgnt. and Fac Eng Carl Stegerwald sold 570 shares of ESLR stock on 03/01/2010 at the average price of 1.15, the price of the stock has increased by 7.83% since.

  • Sell:: VP of HR Gary Pollard sold 365 shares of ESLR stock on 03/01/2010 at the average price of 1.15, the price of the stock has increased by 7.83% since.

  • Sell:: VP Richard G Chleboski sold 4,690 shares of ESLR stock on 03/01/2010 at the average price of 1.15, the price of the stock has increased by 7.83% since.

  • Sell:: VP of Science and Engineering Lawrence E. Felton sold 3,784 shares of ESLR stock on 03/01/2010 at the average price of 1.16, the price of the stock has increased by 6.9% 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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