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Array BioPharma Inc. (ARRY) CFO Michael Carruthers sells 1,074 Shares

April 26, 2010 | About:
insider

insider

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CFO of Array BioPharma Inc. (ARRY) Michael Carruthers sells 1,074 shares of ARRY on 04/23/2010 at an average price of $3.78 a share.

Array Biopharma Inc. has a market cap of $192.69 million; its shares were traded at around $3.81 with and P/S ratio of 7.71.

ARRY is in the portfolios of Jean-Marie Eveillard of Arnhold & S. Bleichroeder Advisers, LLC, Jim Simons of Renaissance Technologies LLC.

CFO Recent Trades:


  • Sell:: CFO Michael Carruthers sold 1,661 shares of ARRY stock on 03/23/2010 at the average price of 2.46, the price of the stock has increased by 54.88% since.

  • Sell:: CFO Michael Carruthers sold 1,707 shares of ARRY stock on 02/23/2010 at the average price of 2.4, the price of the stock has increased by 58.75% since.

  • Sell:: CFO Michael Carruthers sold 6,286 shares of ARRY stock on 02/05/2010 at the average price of 2.44, the price of the stock has increased by 56.15% since.

  • Sell:: CFO Michael Carruthers sold 1,644 shares of ARRY stock on 01/22/2010 at the average price of 2.49, the price of the stock has increased by 53.01% since.

  • Sell:: CFO Michael Carruthers sold 5,681 shares of ARRY stock on 01/06/2010 at the average price of 2.69, the price of the stock has increased by 41.64% 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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