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Sonic Corp. (SONC) Exec. Vice Pres. & CFO Stephen C Vaughan sells 25,995 Shares

April 07, 2010 | About:
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insider

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Exec. Vice Pres. & CFO of Sonic Corp. (SONC) Stephen C Vaughan sells 25,995 shares of SONC on 04/06/2010 at an average price of $11.37 a share.

Sonic Corp. has a market cap of $703.1 million; its shares were traded at around $11.51 with a P/E ratio of 18.6 and P/S ratio of 1. Sonic Corp. had an annual average earning growth of 18.2% over the past 10 years. GuruFocus rated Sonic Corp. the business predictability rank of 4.5-star.

SONC is in the portfolios of Ron Baron of Baron Funds, Jim Simons of Renaissance Technologies LLC, Steven Cohen of SAC Capital Advisors.


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




Directors and Officers Recent Trades:


  • Buy:: Director Douglas N Benham bought 2,500 shares of SONC stock on 01/13/2010 at the average price of 8.63, the price of the stock has increased by 33.37% since.

  • Buy:: Director Douglas N Benham bought 4,000 shares of SONC stock on 10/26/2009 at the average price of 10.08, the price of the stock has increased by 14.19% since.

  • Sell:: Vice President Terry D Harryman sold 2,127 shares of SONC stock on 04/05/2010 at the average price of 11.17, the price of the stock has increased by 3.04% since.

  • Sell:: Vice President Carolyn C. Cummins sold 4,346 shares of SONC stock on 03/15/2010 at the average price of 10.41, the price of the stock has increased by 10.57% since.

  • Sell:: Director Leonard Lieberman sold 10,125 shares of SONC stock on 01/14/2010 at the average price of 8.68, the price of the stock has increased by 32.6% 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


Rating: 2.5/5 (4 votes)

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