BofA CEO Lewis Buys More Stock

Stock quotes in this article: BAC  

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.

  • Loading Comments...
  •  

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin

Recent Comments





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,450.95 1,106.24 2,176.01 33.64
Oil *
77.66
UP
132.79
UP
14.86
UP
29.97
UP
0.08
10 Yr
3.36%
SPDR Gold
114.29
+1.29%
+1.36%
+1.40%
+0.24%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services