Banking, finance, and taxes
B of A CEO & Insiders Buying Stock (BAC)
Published:
Last Updated:
Bank of America Corporation (NYSE: BAC) was already trading as though the options traders were placing a bet today “against nationalization” and now we are getting more news from the company. SEC filings are showing that key company insiders are buying up stock now that the shares are trading below $5.00.
CEO KEN LEWIS:
02/04/2009 bought 75,000 at $4.78
02/04/2009 bought 66,000 at $4.79
02/04/2009 bought 50,000 at $4.81
02/04/2009 bought 9,000 at $4.80….
Total direct ownership is 1,660,997
Temple Sloan, Jr., Director
02/05/2009 bought 95,000 at $4.53…
275,757 direct shares owned although an options “V” may make this 230,757 shares directly owned.
Virgis Colbert
02/04/2009 bought 15,000 shares at $4.78 and $4.775,
holds over 21,000 direct shares
Charles Rossotti, Director
02/04/2009 bought 10,000 shares at $4.91,
holds 19,929 direct shares
Brian Moynihan, Officer
02/05/20-09 bought 20,000 shares at $3.89
holds 333,607 direct shares
Tommy Franks (Gen.), Director
02/05/2009 bought 30,000 shares at $4.11
holds 40,979 direct shares
By the way, if you make these guys take a $500,000.00 salary, they won’t be able to buy stock directly again.
Jon C. Ogg
February 5, 2009
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
