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DESTINATION MATERNITY CORPORATION (DEST) SVP & CFO Judd P Tirnauer sells 3,200 Shares

June 10, 2010 | About:
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insider

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SVP & CFO of DESTINATION MATERNITY CORPORATION (DEST) Judd P Tirnauer sells 3,200 shares of DEST on 06/08/2010 at an average price of $24.88 a share.

Destination Maternity Corporation has a market cap of $159.3 million; its shares were traded at around $25.14 with a P/E ratio of 9.7 and P/S ratio of 0.3.

DEST is in the portfolios of Michael Price of MFP Investors LLC, Jim Simons of Renaissance Technologies LLC.


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




Directors and Officers Recent Trades:


  • Sell:: President Rebecca C Matthias sold 5,489 shares of DEST stock on 05/04/2010 at the average price of 30.94, the price of the stock has decreased by 18.75% since.

  • Sell:: President Rebecca C Matthias sold 34,887 shares of DEST stock on 04/21/2010 at the average price of 29.61, the price of the stock has decreased by 15.1% since.

  • Sell:: President Rebecca C Matthias sold 38,926 shares of DEST stock on 04/12/2010 at the average price of 28.09, the price of the stock has decreased by 10.5% since.

  • Sell:: President Rebecca C Matthias sold 6,799 shares of DEST stock on 03/29/2010 at the average price of 25.31, the price of the stock has decreased by 0.67% since.

  • Sell:: President Rebecca C Matthias sold 11,813 shares of DEST stock on 03/17/2010 at the average price of 25.02, the price of the stock has increased by 0.48% 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


Rating: 4.7/5 (3 votes)

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