S&P 500
7,490.00
-0.13%
Dow Jones
52,251.90
-0.16%
Nasdaq 100
30,259.20
-0.09%
Russell 2000
3,017.12
-0.22%
FTSE 100
10,498.80
-0.34%
Nikkei 225
70,827.30
-0.25%

Consumer Electronics

Michael Dell Buys $100 Million More in Dell Shares (DELL)

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Invalid Image
Michael Dell is trying to show that all is well inside Dell Inc. (NASDAQ: DELL).  An SEC filing (Form 4) shoed that Michael Dell spent $100 million to acquire some 7.37 million shares of Dell common stock on December 17 at a volume-weighted average price of $13.5688 per share.

The exact value was listed in the Form 4 filing as $100,002,056.00 in the open market transactions.

This puts his personal Direct holdings at 232,912,682 shares.  Another 26,984,832 shares is listed as “held by spouse,” and another 98,184 are listed under his 401K plan and another 2,964,869 shares is listed as held by family trusts.

Many insider selling transactions are paid attention to while others are ignored.  Even for a billionaire, an acquisition of $100 million is usually meant to draw attention.

JON C. OGG

Contact [email protected] for any questions or corrections.

DISCLOSURE:
INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA(www.finra.org)/SIPC(www.sipc.org). Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov. Probability of Member receiving $1,000 is a probability of 0.026%; If you don’t make a selection in 30 days, you’ll no longer qualify for the promo. Customer must fund their account with a minimum of $50.00 to qualify. Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees. Investing in alternative investments and/or strategies may not be suitable for all investors and involves unique risks, including the risk of loss. An investor should consider their individual circumstances and any investment information, such as a prospectus, prior to investing. Interval Funds are illiquid instruments, the ability to trade on your timeline may be restricted. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA(www.finra.org) /SIPC(www.sipc.org). There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event. Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire investment Before trading options please review the Characteristics and Risks of Standardized Options  Investing in an Initial Public Offering (IPO) involves substantial risk, including the risk of loss. Further, there are a variety of risk factors to consider when investing in an IPO, including but not limited to, unproven management, significant debt, and lack of operating history. For a comprehensive discussion of these risks please refer to SoFi Securities’ IPO Risk Disclosure Statement This should not be considered a recommendation to participate in IPOs and investors should carefully read the offering prospectus to determine whether an offering is consistent with their investment objectives, risk tolerance, and financial situation. New offerings generally have high demand and there are a limited number of shares available for distribution to participants. Many customers may not be allocated shares and share allocations may be significantly smaller than the shares requested in the customer’s initial offer (Indication of Interest). For more information on the allocation process please visit IPO Allocation.
Follow 24/7 Wall St. on Google
Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Why a $50,000 401(k) Loan at 50 Could Quietly Cost You $100,000 by Retirement
Marc Guberti |

Why a $50,000 401(k) Loan at 50 Could Quietly Cost You $100,000 by Retirement
Her Husband Handled the Medicare Paperwork. After He Died, Her Premium Doubled Overnight.
Drew Wood |

Her Husband Handled the Medicare Paperwork. After He Died, Her Premium Doubled Overnight.

Continue Reading

Douglas A. McIntyre |

Michael Dell Buying More Stock (DELL)

There is some more insider buying going on over at Dell Inc. (NASDAQ: DELL).  Chairman, CEO, and founder Michael Dell…

Paul Ausick |

Icahn, Southeastern Charge Dell Shareholders to Reject Going-private Offer

courtesy of DellFollowing yesterday’s presentation from Dell Inc. (NASDAQ: DELL) rejecting a buyout offer from activist investor Carl Icahn and…

Jon C. Ogg |

What If Michael Dell Doesn’t Really Want to Buy Dell? This Could Be “The Dell Put!”

ThinkstockThe proposed management-led buyout of Dell Inc. (NASDAQ: DELL) is far from being without controversy. When the deal was still…

Douglas A. McIntyre |

Dell’s $5M Severance Package for Kevin Rollins

The details of Kevin Rollins exit package are out from Dell (DELL-NASDAQ), and while it is low there is really…

Jon C. Ogg |

Carl Icahn Steps Up the Activist Investor Fight in Dell Buyout

courtesy of DellActivist Investor Carl Icahn is keeping up his hard court press against Michael Dell. Icahn said last week…

Jon C. Ogg |

Dell Sale Moves Closer, Beware the Takeunder Buyout

courtesy of DellDell Inc. (NASDAQ: DELL) is not getting a great reception so far on Monday as word of its…

Douglas A. McIntyre |

Dell May Be Catching H-P, Apple Stays Hot (DELL, HPQ, AAPL)

It appears that PC sales held up better than many have feared, and recent tech earnings this week aren’t signaling…

Douglas A. McIntyre |

Entrenched Corporate Leader: Michael Dell of Dell

Michael Dell, Chairman and Founder of Dell (DELL) Despite Wall Street speculating and even calling for the ouster of Rollins,…

Vishay Precision Group Insider Wes Cummins Had a Busy Month of Buying
247patrick |

Vishay Precision Group Insider Wes Cummins Had a Busy Month of Buying

There is significant academic research that suggests corporate insiders outperform the market when buying shares in their own companies.

Top Gaining Stocks

Axon Enterprise
AXON • Vol: 1,582,868
KLA
KLAC • Vol: 19,914,246
Air Products & Chemicals
APD • Vol: 3,510,205
AMD
AMD • Vol: 34,496,954
ON Semiconductor
ON • Vol: 19,324,680

Top Losing Stocks

Coterra Energy
CTRA • Vol: 73,319,495
Digital Realty Trust
DLR • Vol: 11,443,774
Hormel Foods
HRL • Vol: 4,997,876
Zimmer Biomet
ZBH • Vol: 4,142,009
Mosaic
MOS • Vol: 15,591,245