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ValueVision Media Inc. (VVTV) CFO William J. Mcgrath buys 20,000 Shares

July 12, 2010 | About:
insider

insider

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Interim CFO of ValueVision Media Inc. (VVTV) William J. Mcgrath buys 20,000 shares of VVTV on 06/22/2010 at an average price of $1.97 a share.

Valuevision Media Inc. has a market cap of $57.2 million; its shares were traded at around $1.75 with and P/S ratio of 0.1.

VVTV is in the portfolios of Jim Simons of Renaissance Technologies LLC, Steven Cohen of SAC Capital Advisors.


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




Directors and Officers Recent Trades:


  • Buy: Director Robert J Korkowski bought 4,150 shares of VVTV stock on 06/17/2010 at the average price of 2.05. Robert J Korkowski owns at least 148,361 shares after this. The price of the stock has decreased by 14.63% since.

  • Buy: President G. Robert Ayd bought 25,000 shares of VVTV stock on 06/16/2010 at the average price of 2. G. Robert Ayd owns at least 68,300 shares after this. The price of the stock has decreased by 12.5% since.

  • Buy: Director Joseph F Berardino bought 5,000 shares of VVTV stock on 06/08/2010 at the average price of 1.69. Joseph F Berardino owns at least 102,000 shares after this. The price of the stock has increased by 3.55% since.

  • Buy: SVP, Merchandising Kris M Kulesza bought 6,200 shares of VVTV stock on 06/04/2010 at the average price of 1.88. Kris M Kulesza owns at least 362,200 shares after this. The price of the stock has decreased by 6.91% since.

  • Buy: Director Joseph F Berardino bought 5,000 shares of VVTV stock on 05/21/2010 at the average price of 1.94. Joseph F Berardino owns at least 97,000 shares after this. The price of the stock has decreased by 9.79% 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: 4.8/5 (4 votes)

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