President & CEO of major sub. of Progress Energy Inc. (PGN) Lloyd M Yates sells 4,483 shares of PGN on 05/14/2010 at an average price of $40.06 a share.

Progress Energy Inc. has a market cap of $11.38 billion; its shares were traded at around $40 with a P/E ratio of 13.2 and P/S ratio of 1.15. The dividend yield of Progress Energy Inc. stocks is 6.2%.

PGN is in the portfolios of Brian Rogers of T Rowe Price Equity Income Fund, Stanley Druckenmiller of Duquesne Capital Management, LLC, Jim Simons of Renaissance Technologies LLC, David Dreman of Dreman Value Management, Paul Tudor Jones of The Tudor Group, Jim Simons of Renaissance Technologies LLC, Steven Cohen of SAC Capital Advisors, Dodge & Cox.

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

CEO Recent Trades:

• Sell:: President & CEO of major sub. Lloyd M Yates sold 811 shares of PGN stock on 03/15/2010 at the average price of 38.83, the price of the stock has increased by 3.01% since.


• Sell:: Chairman, President and CEO William D Johnson sold 4,553 shares of PGN stock on 03/15/2010 at the average price of 38.83, the price of the stock has increased by 3.01% since.

CFO Recent Trades:

• Sell:: Sr. VP and CFO Mark F Mulhern sold 1,490 shares of PGN stock on 03/22/2010 at the average price of 39.77, the price of the stock has increased by 0.58% since.


• Sell:: Sr. VP and CFO Mark F Mulhern sold 502 shares of PGN stock on 03/15/2010 at the average price of 38.83, the price of the stock has increased by 3.01% since.

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

Directors and Officers Recent Trades:

• Sell:: Chief Accounting Officer Jeffrey M Stone sold 3,867 shares of PGN stock on 05/11/2010 at the average price of 40.4, the price of the stock has decreased by 0.99% since.


• Sell:: Executive VP of a major sub John R Mcarthur sold 1,019 shares of PGN stock on 03/15/2010 at the average price of 38.83, the price of the stock has increased by 3.01% since.


• Sell:: Executive Vice President Jeffrey J Lyash sold 2,467 shares of PGN stock on 03/15/2010 at the average price of 38.83, the price of the stock has increased by 3.01% since.


• Sell:: Senior Vice President James Scarola sold 3,500 shares of PGN stock on 12/04/2009 at the average price of 40.99, the price of the stock has decreased by 2.42% since.

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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