Consumer Electronics
Michael Dell Buying More Stock (DELL)
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There is some more insider buying going on over at Dell Inc. (NASDAQ: DELL). Chairman, CEO, and founder Michael Dell has just last week added to his position in open market stock purchases. In an SEC filing today, he said he purchased 3.5 million shares at an average price of $20.4214 on September 4 and another 1.378 million shares at an average of $20.6705 on September 5. Total it all up and you are right at another $100 million of common stock. Last time Michael Dell bought $100 million, shares rallied. Tonight they are up about 2% in after-hours trading from the $20.17 close.
Jon C. Ogg
September 8, 2008
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