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Adaptec Inc. (ADPT) CFO Mary Dotz sells 319,451 Shares

June 10, 2010 | About:
insider

insider

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CFO of Adaptec Inc. (ADPT) Mary Dotz sells 319,451 shares of ADPT on 06/09/2010 at an average price of $3.03 a share.

Adaptec Inc. has a market cap of $370.8 million; its shares were traded at around $3.08 with and P/S ratio of 5.

ADPT is in the portfolios of Jim Simons of Renaissance Technologies LLC, Richard Pzena of Pzena Investment Management LLC, Michael Price of MFP Investors LLC, John Buckingham of Al Frank Asset Management, Inc., Steven Cohen of SAC Capital Advisors, Chuck Royce of Royce& Associates, John Rogers of ARIEL CAPITAL MANAGEMENT LLC.


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




Directors and Officers Recent Trades:


  • Buy:: 10% Owner Partners Ii Lp Steel bought 717,959 shares of ADPT stock on 06/08/2010 at the average price of 3, the price of the stock has increased by 2.67% since.

  • Buy:: 10% Owner Partners Ii Lp Steel bought 946,566 shares of ADPT stock on 06/04/2010 at the average price of 2.95, the price of the stock has increased by 4.41% since.

  • Buy:: 10% Owner Partners Ii Lp Steel bought 576,785 shares of ADPT stock on 06/02/2010 at the average price of 2.91, the price of the stock has increased by 5.84% since.

  • Buy:: 10% Owner Partners Ii Lp Steel bought 2,600 shares of ADPT stock on 12/16/2009 at the average price of 3.25, the price of the stock has decreased by 5.23% 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: 3.0/5 (1 vote)

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