President & CEO of MagneTek Inc. (MAG) Peter M Mccormick buys 1,000 shares of MAG on 06/02/2010 at an average price of $1.51 a share.

Magnetek Inc. has a market cap of $45.4 million; its shares were traded at around $1.46 with and P/S ratio of 0.5.

MAG is in the portfolios of Chuck Royce of Royce& Associates, Jim Simons of Renaissance Technologies LLC, John Keeley of Keeley Fund Management.

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

CEO Recent Trades:

• Buy:: President & CEO Peter M Mccormick bought 2,000 shares of MAG stock on 05/12/2010 at the average price of 1.65, the price of the stock has decreased by 11.52% since.


• Buy:: President & CEO Peter M Mccormick bought 900 shares of MAG stock on 02/11/2010 at the average price of 1.47, the price of the stock has decreased by 0.68% since.

CFO Recent Trades:

• Buy:: Vice President & CFO Marty J Schwenner bought 1,500 shares of MAG stock on 05/12/2010 at the average price of 1.63, the price of the stock has decreased by 10.43% since.


• Buy:: Vice President & CFO Marty J Schwenner bought 2,000 shares of MAG stock on 05/11/2010 at the average price of 1.53, the price of the stock has decreased by 4.58% since.


• Buy:: Vice President & CFO Marty J Schwenner bought 2,000 shares of MAG stock on 03/08/2010 at the average price of 1.54, the price of the stock has decreased by 5.19% since.


• Buy:: Vice President & CFO Marty J Schwenner bought 2,000 shares of MAG stock on 02/23/2010 at the average price of 1.5, the price of the stock has decreased by 2.67% since.


• Buy:: Vice President & CFO Marty J Schwenner bought 1,500 shares of MAG stock on 02/16/2010 at the average price of 1.48, the price of the stock has decreased by 1.35% since.

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

Directors and Officers Recent Trades:

• Buy:: Director David A Sr Bloss bought 10,000 shares of MAG stock on 03/12/2010 at the average price of 1.5, the price of the stock has decreased by 2.67% since.


• Buy:: Director Mitchell I Quain bought 10,000 shares of MAG stock on 03/12/2010 at the average price of 1.48, the price of the stock has decreased by 1.35% since.


• Buy:: VP, General Counsel & Corp Sec Scott S Cramer bought 1,500 shares of MAG stock on 03/03/2010 at the average price of 1.48, the price of the stock has decreased by 1.35% since.


• Buy:: Director David P Reiland bought 2,000 shares of MAG stock on 02/25/2010 at the average price of 1.45, the price of the stock has increased by 0.69% since.


• Buy:: Vice President, Controller Ryan D Gile bought 600 shares of MAG stock on 02/18/2010 at the average price of 1.5, the price of the stock has decreased by 2.67% 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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