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Quicksilver Resources Inc. (KWK) Sr. VP - CFO Philip W. Cook sells 30,900 Shares

May 17, 2010 | About:
insider

insider

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Sr. VP - CFO of Quicksilver Resources Inc. (KWK) Philip W. Cook sells 30,900 shares of KWK on 05/13/2010 at an average price of $12.07 a share.

Quicksilver Resources Inc. has a market cap of $2.18 billion; its shares were traded at around $12.83 with a P/E ratio of 13.23 and P/S ratio of 2.62.

KWK is in the portfolios of Ruane Cunniff of Ruane & Cunniff & Goldfarb Inc, NWQ Managers of NWQ Investment Management Co, Jim Simons of Renaissance Technologies LLC, Steven Cohen of SAC Capital Advisors, Jim Simons of Renaissance Technologies LLC.


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




Directors and Officers Recent Trades:


  • Sell:: Director Mark Warner sold 6,500 shares of KWK stock on 03/09/2010 at the average price of 15.2, the price of the stock has decreased by 15.59% since.

  • Sell:: Sr. VP-Gen.Counsel & Sec. John C Cirone sold 16,882 shares of KWK stock on 12/18/2009 at the average price of 15.01, the price of the stock has decreased by 14.52% since.

  • Sell:: Executive VP - Operations Paul J. Cook sold 7,228 shares of KWK stock on 12/15/2009 at the average price of 14.62, the price of the stock has decreased by 12.24% since.

  • Sell:: VP-RESERVOIR ENGINEERING Robert N Wagner sold 12,000 shares of KWK stock on 12/01/2009 at the average price of 13.58, the price of the stock has decreased by 5.52% 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: 4.8/5 (4 votes)

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