DBI - Designer Brands Stock Pops Following Insider Buying Activity
The stock of footwear retailer Designer Brands (NYSE: DBI) is having a good week. And it might be because an insider announced the purchase of almost 1.5 million shares. At the close on Thursday, the stock was up 10% for the week.
Jay Schottenstein is Designer Brands' executive chairman, and he's apparently a fan of the stock right now. According to filings with the Securities and Exchange Commission, Schottenstein indirectly purchased almost 1.5 million shares through Jubilee Limited Partnership. The purchases took place in three batches, the most recent of which was on Sept. 20 for roughly $13 per share.
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Designer Brands Stock Pops Following Insider Buying Activity