Opko Health CEO keeps adding to position

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Bobby Raines 03/28/2014

Phillip Frost, the CEO of Opko Health ( OPK ) , has continued to purchase shares of the company's common stock this month. So far in March, Frost has purchased a total of 398,000 shares, spending a total of $3,705,715 in the process.

IK-> The technicals for OPK ($9.06 up $0.01) are bullish with a neutral trend. Recent support has been around $8.99 and recent resistance has been near $9.96. Standard & Poor's does not follow the stock. Look at the June 6/8 bull-put spread for a 30-cent credit. That's a 17.6% return and the stock has to fall 11.7% 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 InvestorsObserver.com



This article appears in: Investing , Options


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