Vivus director buys 566,844 shares

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Vivus director buys 566,844 shares

Bobby Raines 11/13/2013

Alexander Denner, who sits on the board at Vivus Inc. ( VVUS ) , bought 566,844 shares of the company's common stock between Nov. 8 and Nov. 11. At prices between $8.52 and $8.78 per share, Denner paid a total of $4,868,453 to increase his indirect holdings by 28.2%.

IK-> The technicals for VVUS ($9.42 up $0.62) are bearish with a neutral trend. Recent support has been around $8.00 and recent resistance has been around $9.58. Standard & Poor's does not follow the stock. Look at the Jan. 8/6 bull-put spread for a 33-cent credit. That's a 19.76% return and the stock has to fall 15.1% 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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