Sprint (S) Insiders Coutinue to Buy Up Stock, CFO Takes Down 100K Shares

May 2, 2012 10:59 AM EDT
Sprint (NYSE: S) CFO Joseph Euteneuer buys 100,000 shares on 5/1 at $2.55, bringing his stake to 923,008 shares.

The purchase by the CFO follows a recent purchase by the CEO Dan Heese. Hesse bought 50,000 shares on 4/26 at $2.38.

The purchases appear to be a vote of confidence in the company, which has suffered due to major competition in the wireless carrier space and the high subsidies it pays for the iPhone.

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