Insider Selling Updates (Sep 23, 2013)

Demandware (NYSE: DWRE) director Jill Granoff offloaded 30,000 shares of the company’s stock in the open market on Monday, September 23rd. The stock was sold at an average price of $45.56, for a total transaction value of $1.37 million. Following the completion of the transaction, the director now directly owns 8,680 shares in the company, valued at approximately $395,461. The transacted shares represented 77% of the director’s total holding before the sale. Demandware stock fell by 3.53% in the last trading session closing the day at a price of $45.67.

Another notable insider seller was Zix Corp (NASDAQ: ZIXI) CEO Richard Spurr, who sold 315,000 shares of the company’s stock in open market transactions spread over three days during the last week. The CEO sold his shares for a total transaction value of $1.53 million, representing close to 47% of his shareholding before the last week’s sales. The CEO now holds 350,547 shares of the company’s shares valued at $1.7 million. Zix Corp stock lost .61% in regular trading yesterday, having gained close to 8.6% in the last 5 trading days.

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Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a certified/registered investment advisor, and the opinions expressed should not be treated as investment advice. Buying and selling of securities carries the risk of monetary losses. Readers/Viewers are advised to carry out their own due diligence and consult their investment advisors before making any investment decisions. Neither Amigobulls, nor the author have any business relationship with any of the companies covered in this post.

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