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BofA CEO Buys 30,000 Shares of Company Stock
Published:
Tuesday, 24 Aug 2010 | 4:16 AM ET
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By: AP
A regulatory filing shows Bank of America CEO Brian Moynihan has bought 30,000 shares of common stock in the company, a possible signal to Wall Street that the executive believes BofA's stock is undervalued.
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Bank of America CEO Brian Moynihan |
The stock purchase brings Moynihan's slice of BofA to 449,655 shares, not counting what he owns indirectly through his 401(k) account and a family trust.
BofA shares [BAC
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] ended Monday unchanged at $12.87.
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