Wilbur Ross sells 4 million shares of Assured Guaranty

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Bobby Raines 03/21/2014

Wilbur Ross, who holds a board seat at Assured Guaranty ( AGO ) , sold a total of 4 million shares of the company's common stock on March 19. At $25.34 per share, Ross pulled in a total of $10,720,000 from the sale.

IK-> The technicals for AGO ($25.95 up $0.20) are bullish with a neutral trend. Recent support has been around $25.49 and recent resistance has been near $26.65. Standard & Poor's does not follow the stock. Look at the July 29/31 bear-call spread for a 30-cent credit. That's a 17.6% return and the stock has to rise 11.8% 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 The NASDAQ OMX Group, Inc.

Originally published on InvestorsObserver.com


This article appears in: Investing , Options

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