Staples CEO buys 8,500 shares

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Bobby Raines 04/04/2014

Ronald Sargent, the chairman and CEO of Staples ( SPLS ) , bought 8,500 shares of the company's common stock on April 3. At $11.82 per share, Sargent paid a total of $100,455 for the new shares.

IK-> The technicals for SPLS ($12.08 down $0.01) are bearish with a neutral trend. Recent support has been around $11.05 and recent resistance has been near 13.45. Standard & Poor's has a 3 STARS (out of five) ranking on the stock. Look at the June 9/11 bull-put spread for a 20-cent credit. That's an 11.1% return and the stock has to fall 8.9% 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: SPLS


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