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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Virendra Singh Chauhan Virendra Singh Chauhan   on Amigobulls :

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.

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