InvestorsHub Logo
Followers 5
Posts 444
Boards Moderated 0
Alias Born 05/01/2013

Re: Jerry70 post# 3754

Tuesday, 06/11/2013 2:29:21 PM

Tuesday, June 11, 2013 2:29:21 PM

Post# of 12651
ceo1--If I am reading the CNBC link correctly, the 30 mil shares were purchased on Sunday by company management. If so, they bought shares from the company not on the open market and have therfore increased the number of outstanding shares rather than decreasing the float.

I'm not sure if this is a good thing or a bad thing.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.