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Vivus director buys 566,844 shares

Posted
11/13/2013 1:54:00 PM
By: InvestorsObserver
Referenced Stocks:VVUS

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]