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Michael Dell buys $100 million in Dell stock
Michael Dell, CEO of Dell Inc., bought about $100 million of the computer maker's stock last week, his second such buying spree in the past three months. Shares in the world's second-largest maker of personal computers are trading near their 52-week low.
Dell bought nearly 4.9 million shares of the company he founded in two separate transactions last week, according to a regulatory filing from the company Monday. On Thursday, Dell bought 3.5 million shares at $20.42 each, and Friday he bought 1.378 million shares at $20.67 apiece, according to filing with the Securities and Exchange Commission. Dell, who is also chairman of the Round Rock, Texas-based company, had previously bought about $100 million worth of stock back in July.
Posted by | Wed, Sep 10, 2008 - 06:28 AM
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