A CEO of a major company bought 331,000+ shares of stock worth $3 million on Tuesday and shares have dropped $1 a share as of today so far. What vision this man has!
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He bought another $2 million worth at an average of $7.93 a share for 252,200 shares today. He has bought $5 million worth this week. It was all common stock at full stock market price at time of purchase. He filed an SEC report. He did not pay any reduced price nor receive any incentives for these purchases. It can be viewed publicly.
I hope you understand that when people are offered the option to buy stock in the company they work for, the price of the stock is usually half the price of the stock offered to the public. It is call shares incentive and is often treated as a bonus.
Now we know why GE's CEO purchased the stock a few days ago. All for GE's favorite buzzword and tactic: He did it for "OPTICS"..... It didn't work for for the previous two CEO's either.