Monday, March 21, 2011

Dell (DELL) CEO Acquires $148 Million of Stock

Dell Inc. (NASDAQ:DELL) founder and CEO Michael Dell announced he has acquired another 10.4 million shares in the company for over $148 million.

According to a filing Friday with the U.S. Securities and Exchange Commission, Dell acquired the shares over a period of three days at a price range of $14.21 to $14.41 a share.

Overall he now owns 243.3 million shares of the company.

Dell bought 7.37 million shares in the company in December at $13.56 each.

In February, Dell reported nearly tripling its fourth-quarter profit, posting $927 million in net income on $15.6 billion in revenue compared with $334 million on $14.9 billion in revenue in the same quarter last year last year.

Dell closed Friday at $14.51, gaining $0.40, or 2.83 percent.

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