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Array BioPharma Inc. (ARRY) CFO Michael Carruthers sells 1,183 Shares

May 25, 2010 | About:
insider

insider

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CFO of Array BioPharma Inc. (ARRY) Michael Carruthers sells 1,183 shares of ARRY on 05/21/2010 at an average price of $3.44 a share.

Array Biopharma Inc. has a market cap of $182.6 million; its shares were traded at around $3.61 with and P/S ratio of 7.3. Array Biopharma Inc. had an annual average earning growth of 26.3% over the past 10 years.

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 1,074 shares of ARRY stock on 04/23/2010 at the average price of 3.78, the price of the stock has decreased by 4.5% since.

  • 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 46.75% 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 50.42% 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 47.95% 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 44.98% since.



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




Directors and Officers Recent Trades:


  • Buy:: Director Kyle Lefkoff bought 4,000 shares of ARRY stock on 05/07/2010 at the average price of 3.71, the price of the stock has decreased by 2.7% 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: 2.0/5 (1 vote)

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