General Electric (GE) Vice Chairman Buys 50K Shares
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General Electric (NYSE: GE) Vice Chairman and CEO of GE Capital, Michael Neal, purchase 50,000 shares on 11/13 at a price of $14.99, bringing his stake to 657,176 shares.
General Electric Company operates as a technology, media, and financial services company worldwide.
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isn't this against the law ?
I guess insider trading is not regulated on Nov 13, 2008 10:02 PMI would have thought that was classified as insider trading ? A Vice Chairman buying stock at a low, knowing that their is an announcement coming out an hour later from the company that will send the stock price higher.