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E*Trade (ETFC) Stock Insider Buying
By Stock Charts | February 11, 2008
E*Trade Financial Corp (ETFC) recently broke out of its downward spiral on news on insider buying. Several E-Trade directors, in filings with the Securities and Exchange Commission reported buying shares. Donald Layton reported that he purchased 245,800 shares at roughly $4.07 a share, while Ronald Fisher bought 31,806 shares at the same price. In addition, Jarret Lilien, E-Trade’s interim chief executive, reported the purchase of 7,376 shares.
After seeing its stock price battered down heavily by the subprime mortgage lending mess, it appears that E*Trade may be taking baby steps towards a recovery. E*Trade recently had two super bowl ads that may have won back some consumer confidence. Keep it on your watchlists.
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