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