BofA Chief's Big Purchase (BAC)

August 24, 2010 9:32 AM | 20 seconds read | Make a Comment

Bank of America

BAC

CEO Brian Moynihan has purchased 30,000 shares of common stock in the company according to a regulatory filing. Mr. Moynihan paid about $13.02 a share in three separate transactions for a total of roughly $390,000. With Bank of America shares trading at a 52-week low, Mr. Moynihan may believe shares of his company are undervalued at these levels.

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