Zale (ZLC) Sees Heavy Insider Buying As Stock Hits New Low

December 1, 2008 5:40 PM EST

Zale Corporation (NYSE: ZLC) sees insider buying. Director Richard Breeden bought 1,000,000 shares on 11/26, CEO Neal Goldberg bought 15,000 shares on 11/26, CFO Rodney Carter bought 15,000 shares on 11/26, Director Thomas Shull bought 3,000 shares on 11/26, VP Gilbert Hollander bought 10,000 shares on 11/26, President Theo Killion bought 2,500 shares on 11/26, Director Yuval Braverman bought 2,000 shares on 11/26, Director Charles Sonsteby bought 5,000 shares on 11/26.

Shares of Zale closed at $5.01 today, a new 52-week low. The 52-week high is $30.89.

Zale Corporation operates as a specialty retailer of fine jewelry.


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