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Weekly CFO Sells Highlight

- By Myra Ramdenbourg

According to GuruFocus Insider Data, the recent CFO sells were: HP Inc. (HPQ) and Incyte Corp. (INCY).

HP CFO sold 120,000 shares

CFO Catherine A. Lesjak sold 120,000 shares of HP for an average price of $18.14 on April 12. The stock price has increased by 0.06% since then. HP has a market cap of $30.69 billion and its shares were traded around $18.15. The company has a price-earnings (P/E) ratio of 12.52 and price-sales (P/S) ratio of 0.65. The trailing 12-month dividend yield is 2.83% while the forward dividend yield is 2.92%.


HP announced its first-quarter 2017 results, reporting revenue of $12.68 billion and gross profit of $2.25 billion. Net income was $611 million. The 2016 total revenue was $48.24 billion, a 6% increase from the 2015 total revenue. The 2016 gross profit was $9 billion, a 9% increase from the 2015 gross profit. The 2016 net income was $2.50 billion.

On Apr. 12, President of Personal Systems Ron Coughlin sold 10,000 shares for an average price of $18.14 per share. Since then, the stock price has increased by 0.06%.

Incyte CFO sold 41,528 shares

Executive Vice President and CFO David W. Gryska sold 41,528 shares for an average price of $138 per share on April 10. The stock price has decreased by 8.91%. since then. Incyte has a market cap of $25.62 billion and its shares were traded around $125.71. The company has a P/E ratio of 237.19 and P/S ratio of 22.00.

Incyte announced its fourth-quarter 2016 results with revenue of $326.50 million and gross profit of $306.89 million. Net income was $8.87 million. The 2016 total revenue was $1.11 billion, a 47% increase from 2015. The 2016 gross profit was $1.05 billion, a 44% increase from the year before. The net income in 2016 was $104.22 million.

Director Jean Jacques Bienaime bought 1,000 shares for an average price of $139.48 per share on April 7. The price of the stock has decreased by 9.87% since then. Executive Vice President and General Counsel Eric H. Siegel sold 4,043 shares at an average price of $140.18 per share on April 10. Since then, the stock price has decreased by 10.32%. On April 7, Executive Vice President and Chief Medical Officer Steven H. Stein sold 32,000 shares for an average price of $137.88 per share. Since then, the stock price has decreased by 8.83%.

Disclosure: None.

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This article first appeared on GuruFocus.