Covidien VP buys 1,736 shares

By Michael Haden,

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Michael Haden 08/29/2014

Lannum Coleman, Vice President at Covidien plc ( COV ) , bought 1,736 shares of the company's common stock on August 26. At $87.46 per share, Coleman paid a total of $151,830 for the new shares.

IK-> The technicals for COV ($86.69 down $0.02) are neutral with an upward trend. Recent support has been around $82.54 and recent resistance has been near $91.76. Standard & Poor's has a three STARs (out of five) rating on the stock. Look at the Oct. 75/80 bull-put spread for a 20-cent credit. That's a 4.2% return and the stock has to fall 7.7% 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 Nasdaq, Inc.

Originally published on

This article appears in: Investing Options
Referenced Stocks: COV

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