Monday, July 30, 2012

Bank of America: Insider Comes Back for More Stock

Bank of America (BAC) Director Donald Powell bought stock in the company on Feb. 3, and he went back on Feb. 8 to pick up some more. Powell bought 18,000 shares for about $144,000 on Wednesday, for an average purchase price of about $8 per share. Director Susan Bies also bought stock on Feb. 3.

Powell is a relatively frequent buyer of stock, but his recent buys may be more significant because he is buying on strength, and he’s upped his buying pattern. His most recent buy is his largest in terms of the number of shares in at least two and a half years, according to InsiderScore.com.

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