Weekly CEO Sells Highlight: VeriFone Systems Inc, Northeast Utilities, Sucampo Pharmaceuticals Inc, and Scholastic Corporation

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Jan 27, 2014

According to GuruFocus Insider Data, these are the largest CEO sales during the past week: VeriFone Systems Inc, Northeast Utilities, Sucampo Pharmaceuticals Inc, Â and Scholastic Corporation

VeriFone Systems (PAY, Financial): Former CEO Douglas Bergeron sold 1,826,834 Shares

Former CEO of VeriFone Systems (PAY, Financial) Douglas Bergeron sold 1,826,834 shares on Jan. 17 at an average price of $27.56. VeriFone (VeriFone Systems, Inc.) was incorporated in the state of Delaware on June 13, 2002 in order to acquire VeriFone. Verifone Systems has a market cap of $3.18 billion; its shares were traded at around $28.76 with and P/S ratio of 1.84.

VeriFone Systems Inc. reported their 2013 full year fiscal results. The company announced revenues of $1.71 billion and net income per share of $1.44.

Former CEO Douglas Bergeron and CEO Paul Galant sold 1,892,019 Â shares of PAY stock in October and January.

Northeast Utilities (NU, Financial): President, CEO & Trustee Thomas J May sold 440,832 Shares

President, CEO & Trustee of Northeast Utilities (NU, Financial) Thomas J May sold 440,832 shares on Jan. 21 at an average price of $43.04. Northeast Utilities is the parent company of the Northeast Utilities system. Northeast Utilities has a market cap of $13.37 billion; its shares were traded at around $42.43 with a P/E ratio of 17.20 and P/S ratio of 1.86. The dividend yield of Northeast Utilities stocks is 3.46%. Northeast Utilities had an annual average earnings growth of 0.10% over the past 10 years.

Northeast Utilities reported net earnings of $209.5 million, or $.66 per share for their 2013 third quarter results.

President, CEO & Trustee Thomas J May sold 440,832 shares of NU stock on Jan. 21 at the average price of 43.04. SVP-Corporate Relations Joseph R Nolan Jr, Trustee Sanford Jr Cloud, EVP and Chief Admin Off David R Mchale, and Executive VP and COO Leon J Olivier sold 69,557 shares of NU stock in September, November, and January.

Sucampo Pharmaceuticals (SCMP, Financial): CEO, Chief Scientific Officer, 10% Owner Ryuji Ueno sold 360,000 Shares

CEO, Chief Scientific Officer, 10% Owner of Sucampo Pharmaceuticals, Inc. (SCMP, Financial) Ryuji Ueno sold 360,000 shares on Jan. 17 at an average price of $10.36. Sucampo Pharmaceuticals is a biopharmaceutical company focused on the discovery, development and commercialization of proprietary drugs based on prostones, a class of compounds derived from functional fatty acids that occur naturally in the human body. Sucampo Pharmaceuticals has a market cap of $423.430 million; its shares were traded at around $9.97 with a P/E ratio of 24.20 and P/S ratio of 4.22.

Sucampo Pharmaceutical Inc. announced their 2013 third quarter results with revenues of $21.2 million and net income of $1.3 million.

CEO, Chief Scientific Officer, 10% Owner Ryuji Ueno sold 835,386 shares of SCMP stock in August, September, October, and January. CFO Cary J Claiborne sold 2,500 shares of SCMP stock on 01/07/2014 at the average price of 9. 10% Owner Sachiko Kuno, Director Gayle R Dolecek, and 10% Owner Sachiko Kuno sold 729,066 shares of SCMP stock in October and January.

Scholastic Corporation (SCHL, Financial): CEO, Chairman and President, 10% Owner Richard Robinson sold 200,000 Shares

CEO, Chairman and President, 10% Owner of Scholastic Corporation (SCHL, Financial) Richard Robinson sold 200,000 shares on Jan. 21 at an average price of $34.04. Scholastic Corporation was founded in 1920. It is a global children's publishing, education and media company. Scholastic Corporation has a market cap of $1.05 billion; its shares were traded at around $33.16 with a P/E ratio of 37.10 and P/S ratio of 0.60. The dividend yield of Scholastic Corporation stocks is 1.58%. Scholastic Corporation had an annual average earnings growth of 0.20% over the past 10 years.

Scholastic Corporation announced their 2014 second fiscal quarter results with revenues of $623.2 million and net income of $58.3 million.

CEO, Chairman and President, 10% Owner Richard Robinson sold 200,000 shares of SCHL stock on Jan. 21 at the average price of 34.04. EVP, CAO & CFO Maureen Oconnell sold 20,000 shares of SCHL stock on 12/26/2013 at the average price of 33.64. EVP, Pres., Bk Clubs & E-comm. Judith Newman and EVP, General Counsel Andrews S Hedden sold 67,654 shares of SCHL stock in August, December, and January.

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

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