Between 23 Feb 02012 and 29 Feb 02012, CEO Kenneth Langone bought GKNT shares on five consecutive days. I did some arithmetic and calculated that Langone purchased 18,700 GKNT shares at an average price of $14.91 for a total investment of $278,839. Langone increased his GKNT holdings by almost 9%.
Even at $14.91, GKNT still has a large SIR (Short-Interest-Ratio) of 12.7. In other words, many investors see these shares dropping even further.
Langone's buying has continued. He bought more GKNT shares on Thu. March 1st, Fri. March 2nd and Mon. March 5th. He paid $198,585 for 13,400 GKNT shares, which is ~$14.82 per share. GKNT closed yesterday (02012.03.06) at $14.36.
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