CFO & EVP of Thoratec Corp. (THOR) David V Smith sells 30,000 shares of THOR on 06/03/2010 at an average price of $44.37 a share.

Thoratec Corp. has a market cap of $2.45 billion; its shares were traded at around $42.81 with a P/E ratio of 48.65 and P/S ratio of 6.56. Thoratec Corp. had an annual average earning growth of 24.7% over the past 10 years.

THOR is in the portfolios of Chuck Royce of Royce& Associates, Pioneer Investments, Steven Cohen of SAC Capital Advisors.

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

CEO Recent Trades:

• Sell:: CEO Gerhard F Burbach sold 100,000 shares of THOR stock on 06/03/2010 at the average price of 44.37, the price of the stock has decreased by 3.52% since.

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

Directors and Officers Recent Trades:

• Sell:: Director J Daniel Cole sold 2,480 shares of THOR stock on 06/04/2010 at the average price of 43.95, the price of the stock has decreased by 2.59% since.


• Sell:: Director Neil F Dimick sold 5,939 shares of THOR stock on 06/03/2010 at the average price of 44.37, the price of the stock has decreased by 3.52% since.


• Sell:: SVP and General Counsel David Aaron Lehman sold 52,107 shares of THOR stock on 06/03/2010 at the average price of 44.37, the price of the stock has decreased by 3.52% since.


• Sell:: Director D Keith Grossman sold 5,000 shares of THOR stock on 05/13/2010 at the average price of 43.23, the price of the stock has decreased by 0.97% since.


• Sell:: Division President Lawrence Cohen sold 31,613 shares of THOR stock on 05/11/2010 at the average price of 41, the price of the stock has increased by 4.41% 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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