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Novatel Wireless (NVTL) CEO Buys 50K Shares

June 14, 2012 5:42 PM EDT Send to a Friend
After the close, Novatel Wireless Inc. (Nasdaq: NVTL) CEO Peter V. Leparulo disclsoed the purchase of 50,000 shares on 6/14 at $2.3868 bringing his stake to 318,372 shares.

Leparulo was last a buyer of the stock in December 2008 and had a paper gain of 73% in the month following the purchase. Shares at that time were in the $3 range. Now they are lower, but it was a good short-term purchase.




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