Cross-Continent Auto Retail - XC

Article Abstract:

The share price of stocks in Cross-Continent has decreased from its $21 level to the $11 level after its failure to acquire Chaisson Motor Cars. Although share price has decrease, there is a marked increased in buying particularly by insiders at the company. Five insiders bought a total of 69,500 shares at $8.25 to $13.13 each from May 29 to Aug 11, 1997. The largest buyer was Chmn and CEO Bill Gilliland with 57,0000 shares. Others were Director Robert Hall, Director Robert Green, Officer Roy Moore and CFO and Director James Purser.

Motor Vehicle Dealers, Motor Vehicle and Parts Dealers, New and used car dealers, Automotive dealers, Automobile dealers

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Earthgrains Co. - EGR

Article Abstract:

The share price of Earthgrains Co. has increased to the $42 level following its recent acquisition of Coopersmith Bakeries in Jul 1997. Since Jul 28 to Aug 28, 1997 a total of 3,300 shares were purchased by three executives with a promise of 100% cash bonuses if the company exceeds the 10% EBITDA margin. Among the three executives, Director Julius Adorjan bought 2,000 shares which increased his position by 40%. VP Michael Salamone and VP Edward Wizeman purchased 1,200 and 100 shares, respectively.

Bakery Products, Bread and Bakery Product Manufacturing, Baked goods, Baked goods industry, Earthgrains Co., Bread industry

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