BofA (BAC) Insiders Buying, Trying To Send Message To Market 'We Won't Be Nationalized'
More News related to BAC
- One Million Potential Homebuyers Receive Bank of America Clarity Commitment(R)
- S&P Revises Credit Outlooks On BofA (BAC) and Citi (C) to Negative, Saying No More Free Govenment Handouts
- Active equity option families in first 30 minutes of trading according to Track Data are: GE BAC FSLR OXY
- Bank of America Merrill Lynch Announces Global Capital Markets Leadership
- S&P Lowers BofA (BAC) Credit Outlook from Stable to Negative
More News related to Insider Trades
- Furniture Brands (FBN) CEO Buys 50K Shares, Other Execs Also Buy
- Greenbrier (GBX) CEO Buys 15K Shares
- Micrel (MCRL) CEO Buys 40K Shares, CFO Buys 7.5K Shares
With shares of Bank of America (NYSE: BAC) under heavy pressure the past few sessions, insiders have been buying again.
CEO Ken Lewis bought 200,000 shares on 2/4
Director Virgis Colbert bought 15,000 shares on 2/4
Officer Brian Moynihan bought 25,000 shares on 2/5
Director Chalres Rossotti bought 10,000 shares on 2/4
Director Temple Sloan bought 95,000 shares on 2/5
With 'nationalization' talk abound, these insiders are sending a message to the market that 'it ain't going to happen.'
Related Categories
Insider TradesRumors
Trader Talk
Stocks Mentioned
+0.00Related Entities
Comments
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
Insiders Buying
Karen on Feb 5, 2009 04:05 PMAre you kidding me? How does Ken Lewis and his honchos buying up cheap stock instill confidence in BofA? With the number of shares they already own, buying 10,000-200,000 is a spit in the bucket and only helps themselves average their loses. Ken Lewis, give shareholders a break and step aside. There is plenty of "retired early from BofA" execs that would love to step up to the task of cleaning up Lewis' failed management.