Question...Why wuld Hussman up his stake and purchase 1.2 Million shares, if he thought the stock was not going higher?! Answer.., he wouldn't. John Hussman made his largest increase of the quarter in Safeway. The guru upped his position in Safeway 40283.3% by purchasing 1,208,500 shares. He bought these shares at an average price of $24.40 per share, and now the stock is trading up approximately 5.1% from Hussman’s average purchase price.
Hussman now holds on to a total of 1,211,500 shares of Safeway, representing 0.51% of the company’s shares outstanding and 1.3% of his total portfolio. Hussman’s holding history of Safeway Too bad Shorties
Who is this Hussman guy? Is he an insider? Maybe I missed it somewhere but the only 2 insider buys I saw were a Senior Vice President like 5,000 shares and a director who bought I believe 18,000 shares. I was just curious where you read about this Hussman purchase, thanks!