Bank of America, General Electric See Rare Insider Buying
NEW YORK (
) -
Bank of America
(BAC) - Get Report
and
General Electric
(GE) - Get Report
have both seen buying by insiders of late, according to
Securities and Exchange Commission
filings.
Bank of America director Susan Bies bought 50,000 shares on Feb. 1 for an average price of $7.39, and Donald Powell, another director, bought 7,000 shares on Jan. 26 for $7.25.
General Electric director Alan Lafley bought 10,000 shares of GE for $18.99 on Jan. 31.
The abovementioned purchases are the first by either General Electric or Bank of America insiders for six months, according to Barron's, which
on the purchases.
--
Written by Dan Freed in New York
.
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