Thursday, February 3, 2011

Insider: Kevin Douglas Continues to Buy American Superconductor, Another $8 Million Last Month (AMSC)

The stock is trading at $28.51 down 69 cents.
On December 22 we posted How Much Money Does Kevin Douglas Have? (and why is he putting it all into American Superconductor?) AMSC" which had this little table:
Report
date
12-21  $5,774,000
12-21  $7,774,500
12-21  $3,225,474
11-12  $10,650,000
11-05  $10,902,869
10-12  $18,060,002 
He's continued his buying.
According to SECForm4.com he purchased another 300,000 shares Jan. 18-20 at an average of $28.46 or a total of $8,538,700.
Here's the filing.

Yesterday Citi lowered their price target on the stock from $37 to $36 while Deutsche Bank raised their target from $30 to $36.