Michael Dell Buys Over 7 Million Shares of Dell (Nasdaq:DELL)

For the first time in over two years Dell (Nasdaq:DELL) chief executive officer Michael Dell has acquired shares in the company, this time 7.37 million shares, according to a filing with the Securities and Exchange Commission.

Dell paid an average of $13.57 a share on December 17; a value of over $100 million.

Altogether Dell now owns closed to $233 million shares of company stock. That's close to 13.6 percent of the overall shares outstanding of the company.

Dell has largely kept the shares he has bought over the last several years, with the exception of small sales during that time.

Dell was trading at $13.83, up $0.47, or 3.52 percent, as of 12:42 PM EST.