Weekly CEO Sells Highlight: DLM, ITMN, CRTX, MOTR, and UVE

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Dec 26, 2010
According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Del Monte Foods Company, InterMune Inc, Critical Therapeutics Inc, Motricity Inc, and Universal Insurance Holdings Inc.

Del Monte Foods Company (DLM, Financial): COB, President and CEO Richard G Wolford sold 1,722,250 Shares

COB, President and CEO of Del Monte Foods Company (DLM) Richard G Wolford sold 1,722,250 shares during the past week at an average price of $18.75. Del Monte Foods manufactures and distributes premium quality, nutritious food products under Del Monte, Contadina and other brand names. Del Monte Foods Company has a market cap of $3.63 billion; its shares were traded at around $18.75 with a P/E ratio of 13.9 and P/S ratio of 1. The dividend yield of Del Monte Foods Company stocks is 1.9%. Del Monte Foods Company had an annual average earning growth of 9.6% over the past 5 years.

Del Monte Foods Company reported their second quarter results. The Company reported net income as $81.1 million and their net sales as $490.9 million.

COB, President and CEO Richard G Wolford sold 2,042,822 shares of DLM stock in October, November, and December. EVP, Administration and CFO David L Meyers sold 575,688 shares of DLM stock in October, November, and December.SVP, Corp. Service Ctr & CIO Marc L Brown sold 1,441,349 shares of DLM stock in November, and December.

InterMune Inc. (ITMN, Financial): Chairman, CEO and President Daniel G Welch sold 507,663 Shares

Chairman, CEO and President of InterMune Inc. (ITMN) Daniel G Welch sold 507,663 shares on 12/17/2010 at an average price of $29.15. InterMune Pharmaceuticals Inc. develops and commercializes innovative products for the treatment of serious pulmonary and infectious diseases and congenital disorders. Intermune Inc. has a market cap of $2.08 billion; its shares were traded at around $37.05 with and P/S ratio of 42.6. Intermune Inc. had an annual average earning growth of 2.1% over the past 10 years.

InterMune Inc. reported their second quarter results. The Company reported revenue of $5.7 million

Chairman, CEO and President Daniel G Welch sold 507,663 shares of ITMN stock on 12/17/2010 at the average price of 29.15. Daniel G Welch owns at least 316,995 shares after this. The price of the stock has increased by 27.1% since. SVP, Rsearch & Technical Dev. Scott Seiwert bought 8,308 shares of ITMN stock on 11/02/2010 at the average price of 13.27. Scott Seiwert owns at least 51,974 shares after this. The price of the stock has increased by 179.2% since.

Critical Therapeutics Inc. (CRTX, Financial): President and CEO, 10% Owner Craig A Collard sold 385,000 Shares

President and CEO, 10% Owner of Critical Therapeutics Inc. (CRTX) Craig A Collard sold 385,000 shares on 12/16/2010 at an average price of $6.02. CORNERSTONE THERAPEUTICS is a specialty pharmaceutical company focused on acquiring, developing and commercializing prescription products for the respiratory market. Critical Therapeutics Inc. has a market cap of $146.7 million; its shares were traded at around $5.72 with a P/E ratio of 8.4 and P/S ratio of 1.4.

Critical Therapeutics Inc. reported their financial results. The Company reported net income of $0.8 million, or $0.03 per diluted share and revenue of $27.9 million.

President and CEO, 10% Owner Craig A Collard sold 385,000 shares of CRTX stock on 12/16/2010 at the average price of 6.02. Executive Vice President Steven Michael Lutz and EVP, General Counsel Andrew Kenneth William Powell sold 72,900 shares of CRTX stock in November and December.

Motricity Inc. (MOTR, Financial): CEO & Chairman Ryan K Wuerch sold 282,800 Shares

CEO & Chairman of Motricity Inc. (MOTR) Ryan K Wuerch sold 282,800 shares on 12/17/2010 at an average price of $19.09. Motricity Inc. is a mobile data solutions provider that enables wireless carriers and enterprises to deliver mobile data services to their subscribers and consumers. Motricity Inc. has a market cap of $811.5 million; its shares were traded at around $20.15 with and P/S ratio of 7.1.

Motricity Inc. reported their financial results. The Company reported revenues of $37.9 million and Net income of $3.3 million, EPS 0f $0.07.

CEO & Chairman Ryan K Wuerch sold 282,800 shares of MOTR stock on 12/17/2010 at the average price of 19.09. CFO Allyn P. Hebner sold 19,000 shares of MOTR stock on 12/17/2010 at the average price of 19.73. SVP, Gen Counsel & Corp Sec Richard E. Jr. Leigh, President & COO James R. Smith, Chief Human Resources Officer Chris Dorr, Strategy & Marketing O. James Ryan, and 10 % Owner Silicon Valley Fund Ii, Ll Aei sold 620,976 shares of MOTR stock in December.

Universal Insurance Holdings Inc (UVE, Financial): CEO, 10% Owner Bradley I Meier sold 250,000 Shares

CEO, 10% Owner of Universal Insurance Holdings Inc (UVE) Bradley I Meier sold 250,000 shares on 12/21/2010 at an average price of $4.5. Universal Insurance Holdings, Inc., through its wholly-owned subsidiary, Universal Property & Casualty Insurance Company (UPCIC), is currently engaged in insurance underwriting, distribution and claims. Universal Insurance Holdings Inc has a market cap of $191.9 million; its shares were traded at around $4.9 with a P/E ratio of 13.6 and P/S ratio of 0.9. The dividend yield of Universal Insurance Holdings Inc stocks is 8.2%.

Universal Insurance Holding Inc. reported their financial results. The company reported net income of $10.8 million and revenue of $368.1 million

CEO, 10% Owner Bradley I Meier sold 918,000 shares of UVE stock September, November, and December. Exec. V.P., Blue Atlantic Jon Springer sold 150,000 shares of UVE stock on 12/14/2010 at the average price of 4.52. Senior V.P. and COO Sean P Downes sold 750,000 shares of UVE stock in September and December.

For the complete list of stocks that bought by their CEOs, go to: Insider Buys.