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Goodrich Petroleum Corp. (GDP) President & COO Robert C Jr Turnham buys 24,600 Shares

June 01, 2010 | About:
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President & COO of Goodrich Petroleum Corp. (GDP) Robert C Jr Turnham buys 24,600 shares of GDP on 05/27/2010 at an average price of $12.15 a share.

Goodrich Petroleum Corp. has a market cap of $459.24 million; its shares were traded at around $12.24 with and P/S ratio of 4.16.

GDP is in the portfolios of Arnold Schneider of Schneider Capital Management, Chuck Royce of Royce& Associates, Bruce Kovner of Caxton Associates, Steven Cohen of SAC Capital Advisors.


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




Directors and Officers Recent Trades:


  • Buy:: Director, 10% Owner Josiah T Austin bought 9,100 shares of GDP stock on 03/26/2010 at the average price of 15.4, the price of the stock has decreased by 20.52% since.

  • Buy:: President & COO Robert C Jr Turnham bought 4,000 shares of GDP stock on 03/25/2010 at the average price of 15.63, the price of the stock has decreased by 21.69% since.

  • Buy:: SVP, Gen. Counsel, Corp. Sec'y Michael J Killelea bought 3,000 shares of GDP stock on 03/10/2010 at the average price of 18.42, the price of the stock has decreased by 33.55% since.

  • Buy:: President & COO Robert C Jr Turnham bought 2,400 shares of GDP stock on 03/03/2010 at the average price of 21.49, the price of the stock has decreased by 43.04% since.

  • Buy:: President & COO Robert C Jr Turnham bought 2,300 shares of GDP stock on 01/15/2010 at the average price of 21.82, the price of the stock has decreased by 43.9% since.


About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

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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: 3.3/5 (3 votes)

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