Stock message boards
MNV
Market News Video
MNV MNV 10 Bargains You Can Buy Cheaper Than Insiders Did
MNV
MNV
MNV
MNV
MNV
MNV
MNV
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

One Put, One Call Option To Know About for Bank of America
Monday, August 18, 12:01 PM ET, by Market News Video Staff

Consistently, one of the more popular stocks people enter into their stock options watchlist at ...

Thursday Sector Leaders: Financial, Technology & Communications
Thursday, August 21, 2:30 PM ET, by Market News Video Staff

In afternoon trading on Thursday, Financial stocks are the best performing sector, up 0.6%. Within ...

BAC Crosses Above Key Moving Average Level
Thursday, August 21, 4:02 PM ET, by Market News Video Staff

In trading on Thursday, shares of Bank of America Corp. (BAC) crossed above their 200 ...

Bank of America Popular Amongst Latest 13F Filers
Monday, August 25, 9:28 AM ET, by Market News Video Staff

At Holdings Channel, we have reviewed the latest batch of the 20 most recent 13F ...

One Put, One Call Option To Know About for Bank of America
Monday, August 25, 11:57 AM ET, by Market News Video Staff

Consistently, one of the more popular stocks people enter into their stock options watchlist at ...

  More articles:  1 2 3 4 5 6 7 next »

Top Buys by Directors: Powell's $525.9K Bet on BAC

By Market News Video Staff, Monday, August 6, 3:06 PM ET
Play Video: One Reason For Insiders to Buy


If the video does not load after a few moments, Upgrade to the Latest Flash Player.

The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $525.9K invested across 7 purchases by Donald E. Powell, Director at Bank of America Corp. (NYSE:BAC).

Powell bets big on BAC:

Purchased Insider Title Shares Price/Share Value
02/08/2012 Donald E. Powell Director 18,000 $8.00 $144,079.30
02/14/2012 Donald E. Powell Director 10,000 $7.95 $79,500.00
02/29/2012 Donald E. Powell Director 10,000 $8.10 $81,000.00
05/03/2012 Donald E. Powell Director 5,000 $8.05 $40,250.00
05/04/2012 Donald E. Powell Director 5,000 $7.76 $38,800.00
05/14/2012 Donald E. Powell Director 12,000 $7.36 $88,320.00
06/08/2012 Donald E. Powell Director 7,445 $7.25 $53,976.25

Powell's average cost works out to $7.80/share. In trading on Monday, bargain hunters could buy shares of Bank of America Corp. (NYSE:BAC) and achieve a cost basis lower than Powell, with shares changing hands as low as $7.44 per share. Shares of Bank of America Corp. were changing hands at $7.63 at last check, trading up about 2.8% on Monday. The chart below shows the one year performance of BAC shares, versus its 200 day moving average:

Bank of America Corp. Chart

Looking at the chart above, BAC's low point in its 52 week range is $4.92 per share, with $10.10 as the 52 week high point that compares with a last trade of $7.63.

According to the ETF Finder at ETF Channel, BAC makes up 7.72% of the KBW Bank Portfolio ETF (AMEX:KBWB) which is trading up by about 0.4% on the day Monday.

See what other ETFs contain BAC
See what other stocks are held by KBWB


Special Offer: Establish a secure stream of income during your retirement years by following the Retiree Income Portfolio with this free 30 day trial


Top Six Most Viewed Stories This Week @ Market News Video:

This Article's Word Cloud:   Account   America   Bank   Corp   Definition   Director   Donald   ETFs   Importance   Insider   KBWB   Monday   NYSE   Portfolio   Powell   Price   Share   Shares   What   about   average   both   business   buys   changing   chart   company   cost   directors   hands   last   make   maybe   other   point   purchases   share   shares   stock   take   that   they   this   trading   view   week   what   which   wise   with
MNV
MNV
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy - Video Widget
MNV
Home  |  Analyst News  Dividend Report  Econonomic News  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV
MNV MNV Portfolio Channel Stock Market Definitions
MNV

Top Buys by Directors: Powell's $525.9K Bet on BAC | Market News Video | Copyright © 2008 - 2014, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.