Pier 1 Imports director buys 2,600 shares

By Bobby Raines,

Shutterstock photo

Bobby Raines 07/18/2014

Claire Babrowski, a member of the board of directors at Pier 1 Imports ( PIR ) , bought 2,600 shares of teh retailer's common stock on July 17. AT $15.56 per share, Babrowski paid a total of $40,456 for the new shares.

IK-> The technicals for PIR ($15.59 up $0.21) are bearish with a neutral trend. Recent support has been around $15.03 and recent resistance has been near $15.74. Standard & Poor's has a three STARs (out of five) rating on the stock. Look at the Sept. 11/14 bull-put spread for a 20-cent credit. That's a 7.1% return and the stock has to fall 10.2% 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
Referenced Stocks: PIR

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