Weekly CEO Sells Highlight: Hemispherx Biopharma Inc, ADESA Inc, Entergy Corp, and Danaher Corp.

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Aug 15, 2010
According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Hemispherx Biopharma Inc, ADESA Inc, Entergy Corp, and Danaher Corp.

Hemispherx Biopharma Inc (HEB, Financial): CEO, 10% Owner William A Carter sold 377,388 Shares

CEO, 10% Owner of Hemispherx Biopharma Inc (HEB) William A Carter sold 377,388 shares on 08/10/2010 at an average price of $0.49. Hemispherx Biopharma, Inc. manufactures and clinical development of new drug entities for treatment of seriously debilitating disorders. Hemispherx Biopharma Inc has a market cap of $63.7 million; its shares were traded at around $0.48 with and P/S ratio of 574.3.

On August 06,Hemispherx Biopharma, Inc. announced its financial results for the three months ended June 30, 2010. The net loss (including non-cash expenses) for the 2nd fiscal quarter was approximately $3,676,000 or $0.03 per share compared to a loss of approximately $3,870,000 or $0.04 per share for the same period in 2009. In comparison of fiscal quarters, year 2010 had decreased Research and Development costs and General and Administrative costs were also reduced due to non-recurring financing expense. For the six months ended June 30, 2010, the net loss was approximately $7,720,000 or $0.06 per share as compared to a loss of $6,957,000 or $0.08 per share for the same period in 2009.

  • CEO, 10% Owner
William A Carter bought 500,000 shares of HEB stock on 06/11/2010 at the average price of 0.66. William A Carter owns at least 947,147 shares after this. The price of the stock has decreased by 27.27% since. CEO, 10% Owner William A Carter sold 377,388 shares of HEB stock on 08/10/2010 at the average price of 0.49. William A Carter owns at least 1,780,155 shares after this. The price of the stock has decreased by 2.04% since. CFO Charles Thomas Bernhardt Iii sold 87,794 shares of HEB stock on 06/15/2010 at the average price of 0.59. Charles Thomas Bernhardt Iii owns at least 177,420 shares after this. The price of the stock has decreased by 18.64% since. Vice President of Operations Wayne S. Springate sold 83,104 shares of HEB stock on 06/15/2010 at the average price of 0.59. Wayne S. Springate owns at least 103,521 shares after this. The price of the stock has decreased by 18.64% since.

ADESA Inc. (KAR, Financial): President and CEO of IAAI Thomas C Obrien sold 264,672 Shares

President and CEO of IAAI of ADESA Inc. (KAR) Thomas C Obrien sold 264,672 shares on 08/06/2010 at an average price of $12.11. KAR Auction Services, Inc., through its subsidiaries, operates as a used vehicle and salvage auto auction company in North America. Adesa Inc. has a market cap of $1.54 billion; its shares were traded at around $11.42 with a P/E ratio of 15.1 and P/S ratio of 0.9.

On Feb. 25, ADESA Inc. reported a revenue of $417.9 million.

  • President and CEO of IAAI
Thomas C Obrien sold 264,672 shares of KAR stock on 08/06/2010 at the average price of 12.11. Thomas C Obrien owns at least 27,930 shares after this. The price of the stock has decreased by 5.7% since. Directors Thomas J. Carella and Sanjeev K Mehra together sold 200 shares of KAR stock on 05/10/2010.

Entergy Corp. (ETR, Financial): Chairman and CEO J Wayne Leonard sold 227,954 Shares

Chairman and CEO of Entergy Corp. (ETR) J Wayne Leonard sold 227,954 shares on 08/10/2010 at an average price of $79.11. Entergy Corporation engages principally in the following businesses: domestic utility operations, power marketing and trading, global power development, and domestic non-utility nuclear operations. Entergy Corp. has a market cap of $14.75 billion; its shares were traded at around $77.92 with a P/E ratio of 10.9 and P/S ratio of 1.4. The dividend yield of Entergy Corp. stocks is 4.3%. Entergy Corp. had an annual average earning growth of 7.1% over the past 10 years. GuruFocus rated Entergy Corp. the business predictability rank of 2.5-star.

On Aug. 3, Entergy Corporation reported second quarter 2010 as-reported earnings of $315.3 million, or $1.65 per share, compared with $226.8 million, or $1.14 per share, for second quarter 2009. On an operational basis, Entergy’s second quarter 2010 earnings were $325.7 million, or $1.71 per share, compared with $244.0 million, or $1.23 per share, in second quarter 2009.

  • Chairman and CEO
J Wayne Leonard sold 227,954 shares of ETR stock on 08/10/2010 at the average price of 79.11. J Wayne Leonard owns at least 360,683 shares after this. The price of the stock has decreased by 1.5% since.

Danaher Corp. (DHR, Financial): President and CEO H Lawrence Jr Culp sold 200,000 Shares

President and CEO of Danaher Corp. (DHR) H Lawrence Jr Culp sold 200,000 shares on 08/09/2010 at an average price of $39.05. Danaher Corporation conducts its operations through two business segments:Process/Environmental Controls and Tools and Components. Danaher Corp. has a market cap of $24.16 billion; its shares were traded at around $37.21 with a P/E ratio of 18.2 and P/S ratio of 2.2. The dividend yield of Danaher Corp. stocks is 0.2%. Danaher Corp. had an annual average earning growth of 4.2% over the past 10 years.

Consolidated sales for the three months ended July 2, 2010 increased 24.0% as compared to the comparable period of 2009.

  • President and CEO
H Lawrence Jr Culp sold 463,404 shares of DHR stock in May and August. EVP & CFO Daniel L Comas sold 50,000 shares of DHR stock on 07/27/2010 at the average price of 38.58. Daniel L Comas owns at least 19,165 shares after this. The price of the stock has decreased by 3.55% since. Director Linda P Hefner bought 7,600 shares of DHR stock on 05/27/2010 at the average price of 39.98. Linda P Hefner owns at least 6,457 shares after this. The price of the stock has decreased by 6.93% since. Senior VP & GC Jonathan P Graham, Executive Vice President James A Lico, SVP-Chief Accounting Officer Robert S Lutz, and EVP Thomas Patrick Joyce Jr togehter sold 294,336 shares of DHR stock in April, May, and July.

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