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WidePoint Corp. (WYY) Chairman, President and CEO Steve L Komar sells 150,000 Shares

April 08, 2010 | About:
gurufocus

insider

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Chairman, President and CEO of WidePoint Corp. (WYY) Steve L Komar sells 150,000 shares of WYY on 04/07/2010 at an average price of $0.8 a share.

Widepoint Corp. has a market cap of $50.9 million; its shares were traded at around $0.84 with a P/E ratio of 42 and P/S ratio of 1.2.

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


CEO Recent Trades:


  • Sell:: Chairman, President and CEO Steve L Komar sold 8,900 shares of WYY stock on 02/24/2010 at the average price of 0.8, the price of the stock has increased by 5% since.


CFO Recent Trades:


  • Sell:: CFO, VP, Secretary James T Mccubbin sold 200,000 shares of WYY stock on 02/19/2010 at the average price of 0.75, the price of the stock has increased by 12% since.



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




Directors and Officers Recent Trades:


  • Buy:: VP & Chief Technology Officer Daniel E. Turissini bought 1,750 shares of WYY stock on 12/04/2009 at the average price of 0.78, the price of the stock has increased by 7.69% since.

  • Sell:: VP & Chief Technology Officer Daniel E. Turissini sold 32,956 shares of WYY stock on 12/16/2009 at the average price of 0.77, the price of the stock has increased by 9.09% since.

  • Sell:: VP & Chief Technology Officer Daniel E. Turissini sold 2,900 shares of WYY stock on 12/08/2009 at the average price of 0.78, the price of the stock has increased by 7.69% since.

  • Sell:: VP & Chief Technology Officer Daniel E. Turissini sold 18,755 shares of WYY stock on 12/02/2009 at the average price of 0.81, the price of the stock has increased by 3.7% 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: 2.0/5 (1 vote)

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