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Commercial Vehicle Group Inc. (CVGI) President and CEO Mervin Dunn sells 30,852 Shares

June 02, 2010 | About:
gurufocus

insider

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President and CEO of Commercial Vehicle Group Inc. (CVGI) Mervin Dunn sells 30,852 shares of CVGI on 05/28/2010 at an average price of $12.04 a share.

Commercial Vehicle Group Inc. has a market cap of $311.7 million; its shares were traded at around $11.26 with and P/S ratio of 0.7.

CVGI is in the portfolios of Pioneer Investments, Pioneer Investments, Arnold Schneider of Schneider Capital Management, Steven Cohen of SAC Capital Advisors, Jim Simons of Renaissance Technologies LLC.

CFO Recent Trades:


  • Sell:: EVP, CFO Chad M Utrup sold 45,515 shares of CVGI stock on 05/26/2010 at the average price of 11, the price of the stock has increased by 2.36% since.



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




Directors and Officers Recent Trades:


  • Sell:: Director S A Johnson sold 20,000 shares of CVGI stock on 05/28/2010 at the average price of 12, the price of the stock has decreased by 6.17% since.

  • Sell:: Director Scott C Arves sold 10,000 shares of CVGI stock on 05/26/2010 at the average price of 10.96, the price of the stock has increased by 2.74% since.

  • Sell:: EVP & Gen. Mgr. Seat. Systems Milton D Kniss sold 8,439 shares of CVGI stock on 05/26/2010 at the average price of 10.96, the price of the stock has increased by 2.74% since.

  • Sell:: Pres. & Gen. Mgr. Cab Systems Gerald L Armstrong sold 15,000 shares of CVGI stock on 05/26/2010 at the average price of 10.96, the price of the stock has increased by 2.74% since.

  • Sell:: President, Seating Systems William Gordon Boyd sold 17,201 shares of CVGI stock on 05/26/2010 at the average price of 11, the price of the stock has increased by 2.36% 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


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