Chairman of MainSource Financial Group Inc (MSFG) Robert E Hoptry sells 7,500 shares of MSFG on 05/12/2010 at an average price of $8.65 a share.
Mainsource Financial Group Inc has a market cap of $181.3 million; its shares were traded at around $9 with a P/E ratio of 27.2 and P/S ratio of 1. The dividend yield of Mainsource Financial Group Inc stocks is 0.5%.
Buy:: Director Brian J Crall bought 1,200 shares of MSFG stock on 05/04/2010 at the average price of 8, the price of the stock has increased by 12.5% since.
Buy:: Director D J Hines bought 595 shares of MSFG stock on 03/23/2010 at the average price of 7.29, the price of the stock has increased by 23.46% since.
Buy:: Director Thomas Murray Obrien bought 1,520 shares of MSFG stock on 03/16/2010 at the average price of 6.8, the price of the stock has increased by 32.35% since.
Sell:: Director Rick S Hartman sold 10,000 shares of MSFG stock on 03/26/2010 at the average price of 7, the price of the stock has increased by 28.57% since.
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Why CEOs Are Buying Stocks Of Their Own Companies?
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."
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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.
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