CEO of Globecomm Systems Inc. (GCOM) David E Hershberg sells 60,000 shares of GCOM on 06/07/2010 at an average price of $8.18 a share.

Globecomm Systems Inc. has a market cap of $161.47 million; its shares were traded at around $7.53 with a P/E ratio of 27.89 and P/S ratio of 0.95.

GCOM is in the portfolios of Chuck Royce of Royce& Associates, Jim Simons of Renaissance Technologies LLC.

CFO Recent Trades:

• Sell:: Sr.VP, CFO and Treasurer Andrew C Melfi sold 1,750 shares of GCOM stock on 05/11/2010 at the average price of 8, the price of the stock has decreased by 5.88% since.


• Sell:: Sr.VP, CFO and Treasurer Andrew C Melfi sold 13,500 shares of GCOM stock on 03/09/2010 at the average price of 8.09, the price of the stock has decreased by 6.92% since.


• Sell:: Sr.VP, CFO and Treasurer Andrew C Melfi sold 1,750 shares of GCOM stock on 01/04/2010 at the average price of 8, the price of the stock has decreased by 5.88% since.

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

Directors and Officers Recent Trades:

• Sell:: President Keith A. Hall sold 1,000 shares of GCOM stock on 05/24/2010 at the average price of 8, the price of the stock has decreased by 5.88% since.


• Sell:: Sr. Vice President Thomas C. Coyle sold 4,000 shares of GCOM stock on 05/17/2010 at the average price of 8.25, the price of the stock has decreased by 8.73% since.


• Sell:: President Keith A. Hall sold 2,000 shares of GCOM stock on 05/11/2010 at the average price of 8, the price of the stock has decreased by 5.88% since.


• Sell:: Formerly filed as officer Stephen C Yablonski sold 2,000 shares of GCOM stock on 01/04/2010 at the average price of 7.96, the price of the stock has decreased by 5.4% 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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