Michael Dell Buying More Stock (DELL)

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By Douglas A. McIntyre Updated Published

Dell_logoThere is some more insider buying going on over at Dell Inc. (NASDAQ: DELL).  Chairman, CEO, and founder Michael Dell has just last week added to his position in open market stock purchases.  In an SEC filing today, he said he purchased 3.5 million shares at an average price of $20.4214 on September 4 and another 1.378 million shares at an average of $20.6705 on September 5.  Total it all up and you are right at another $100 million of common stock.  Last time Michael Dell bought $100 million, shares rallied.  Tonight they are up about 2% in after-hours trading from the $20.17 close.

Jon C. Ogg
September 8, 2008

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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