AT&T Director Stephen Luczo Buys Up the Slumping Stock
Stephen Luczo, who joined the telecom and media giant’s board last year, paid $3.8 million on Feb. 4 for 100,000 AT&T shares (ticker: T), an average price of $37.60 each.
https://www.barrons.com/articles/att-director-stephen-luczo-buys-up-the-slumping-stock-51580943867
T average daily volume is 30M shares so 100k is 0.3% - ok a lot for 1 person but overall not enough to move the needle
Must be nice to get that amount of money on a yearly basis for investment, plus it should provide a good amount of dividend returns.
It confirms that the dividend won't go away anytime soon.
Planning on replacing more American workers with H1-b’s. Hoping the projected savings will be immediately multiplied by the P/E ratio by Wall Street.
There was a SC 13G/A filed by Blackrock recently. Couldn't make heads or tails out of it, except it wasn't a sale. I think it says they are a 7% owner.
He knows whats coming - lower costs = higher profits = higher share price
He knows whats coming - lower costs = higher profits = higher share price
I wonder how many artificial ways of raising stock can they think of...
Probably explains the uptick in the share price the last couple of days