Insider Buying: American Eagle (AEOS)

Posted By Tate Dwinnell |  Subscribe in a reader | Comment 2

On Wednesday this past week, the Chairman of the Board of American Eagle Outfitters (AEOS)turned over the couch cushions and scrounged up enough loose change to make 80 insider buy transactions of the company’s stock totaling nearly 22 million.. yes, that was just in one day!  Apparently Jay Schottenstein feels the stock is a big bargain having plummeted around 40% since August 1st. 

While I’m not one to bottom fish, I couldn’t help but thinking the same thing myself.  Top retailers like American Eagle, Abercrombie and Fitch (ANF) and bebe stores (BEBE) have simply fallen off a cliff.  Top ranked retailer Urban Outfitters (URBN) has faired much better, getting a big bounce off support of the 200 day moving average last week.  With the holidays just around the corner, maybe its time for some Christmas shopping.

It should be noted that Jay Schottenstein wasn’t the only insider to make purchases on Wednesday.  Another Director picked up more than $800K worth of his company’s shares.

                                 Data Provided By                                                   

Filed under Insider Buying by Tate Dwinnell

Permalink Print

Comments on Insider Buying: American Eagle (AEOS) »

September 25, 2005

technicator.NET @ 4:06 pm

I agree with you. I just covered the insider buying on my latest post earlier last night. Looks like the insider buying may spark some rebound from the recent fall.

-Technicator.NET

Tate Dwinnell @ 4:29 pm

Hi Frank,

You beat me to it! Hey nice posts this weekend.. i’ve been meaning to link to you from here, you have a great blog there. I’ve got a list of a few great sites I need to add.. just too dang busy these days.