BofA CEO Lewis Buys More Stock

Bank of America (BAC Quote) CEO Ken Lewis bought 200,000 shares of the company's stock as it slipped to lows not seen in almost two decades, according to a regulatory filing submitted Thursday.

Filings with the Securities and Exchange Commission show Lewis bought BofA common shares at prices between $4.78 and $4.81 for a total transaction value of $958,340. The stock hit an intraday low of $4.62, before closing at $4.70 on Wednesday.

Lewis bought 75,000 shares at $4.78, 66,000 shares at $4.79, 50,000 at $4.81 and 9,000 shares at $4.80.

The foray into BofA stock is Lewis' second of the year. On Jan. 20, Lewis bought 200,000 shares in BofA, and other board members joined him for a total insider purchase of more than 500,000 shares. The purchases at that time were made at prices between $5.98 and $6.06.

After earlier skidding some 20% to multiyear lows earlier in the session, BofA shares closed up 3% to $4.84 on Thursday.