Agco director buys $23 million in stock

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Agco director buys $23 million in stock

Bobby Raines 11/04/2013

Mallika Srinivasan, a member of the board of directors at AGCO (ACGO) , bought 203,277 shares of the comapny's common stock over the last two days of October.. At prices between $57.59 and $57.70, Srinivas paid a total of $23,420,356 for the new shares.

IK-> The technicals for ACGO ($58.85 up $0.47) are bullish with a neutral trend. Recent support has been around $57.21 and recent resistance has been around $59.02. Standard & Poor's has a three STARs (out of five) rating on the stock. Look at the Feb. 45/50 bull-put spread for a 30-cent credit. That's a 6.38% return and the stock has to fall 15% to cause a problem.  [InvestorsKeyhole, Various news and data services]




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Originally published on InvestorsObserver.com


This article appears in: Investing , Options

Referenced Stocks: AGCO

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