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DayStar Technologies Inc. (DSTI) CEO Magnus Ryde sells 29,579 Shares

May 05, 2010 | About:
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insider

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CEO of DayStar Technologies Inc. (DSTI) Magnus Ryde sells 29,579 shares of DSTI on 05/03/2010 at an average price of $0.32 a share.

Daystar Technologies Inc. has a market cap of $10.2 million; its shares were traded at around $0.302 with and P/S ratio of 171.1.

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

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


CEO Recent Trades:


  • Sell:: CEO Magnus Ryde sold 44,302 shares of DSTI stock on 04/01/2010 at the average price of 0.29, the price of the stock has increased by 4.14% since.



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




Directors and Officers Recent Trades:


  • Sell:: Chief Technology Officer Robert E Weiss sold 185,000 shares of DSTI stock on 04/26/2010 at the average price of 0.31, the price of the stock has decreased by 2.58% since.

  • Sell:: Sr. VP Corp. Development Patrick J. Forkin sold 75,000 shares of DSTI stock on 04/07/2010 at the average price of 0.27, the price of the stock has increased by 11.85% since.

  • Sell:: Chief Technology Officer Robert E Weiss sold 98,900 shares of DSTI stock on 04/07/2010 at the average price of 0.27, the price of the stock has increased by 11.85% since.

  • Sell:: Director William Steckel sold 251,060 shares of DSTI stock on 04/07/2010 at the average price of 0.27, the price of the stock has increased by 11.85% since.

  • Sell:: Director William Steckel sold 251,060 shares of DSTI stock on 04/07/2010 at the average price of 0.27, the price of the stock has increased by 11.85% 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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