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Charming Shoppes Inc. (CHRS) CEO James P Fogarty buys 125,000 Shares

June 25, 2010 | About:
insider

insider

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President and CEO of Charming Shoppes Inc. (CHRS) James P Fogarty buys 125,000 shares of CHRS on 06/24/2010 at an average price of $3.75 a share.

Charming Shoppes Inc. has a market cap of $424.9 million; its shares were traded at around $3.67 with and P/S ratio of 0.2.

CHRS is in the portfolios of Robert Rodriguez of FPA Capital, First Pacific Advisors of First Pacific Advisors, LLC, Michael Price of MFP Investors LLC, Columbia Wanger of Columbia Wanger Asset Management, Columbia Wanger of Columbia Wanger Asset Management, Chuck Royce of Royce& Associates, Jim Simons of Renaissance Technologies LLC, Steven Cohen of SAC Capital Advisors, George Soros of Soros Fund Management LLC.


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




Directors and Officers Recent Trades:


  • Buy: PRESIDENT - FASHION BUG Jay Levitt bought 25,000 shares of CHRS stock on 06/08/2010 at the average price of 3.83. Jay Levitt owns at least 42,331 shares after this. The price of the stock has decreased by 4.18% since.

  • Buy: Director Richard Wilson Bennet Iii bought 5,000 shares of CHRS stock on 04/07/2010 at the average price of 4.99. Richard Wilson Bennet Iii owns at least 18,000 shares after this. The price of the stock has decreased by 26.45% 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: 2.8/5 (5 votes)

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