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Bank of America Corporation Message Board

  • jcsoria2008 jcsoria2008 Oct 28, 2009 5:32 AM Flag

    WSJ....DIRECTOR SCULLY BUYS 62M000 SHARESAT $16.72

    Bank of America Director's $1 Million Buy
    By Miriam Gottfried | MORE ARTICLES BY AUTHOR

    01:33 am ET October 27, 2009

    Frank Anderson wrote:


    TO SAY THAT IT HAS BEEN a rough year for Bank of America (ticker: BAC) would be an understatement, but despite myriad trials, its shares have rallied over five times from their March lows. And at least one insider may still be banking on a full recovery, snapping up more than $1 million in shares.

    Robert W. Scully, a director at Bank of America, bought 62,000 shares at an average price of $16.79 each on Oct. 21. After the purchase, he owned 68,657 shares, up from 6,657 shares

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