By Paul Price
Walgreens is currently the biggest percentage winner in our own Virtual Value Portfolio. An enormous insider buy was reported by director Stefano Pessina. He made the trade on April 19.
Pessina bought 83,299 shares of Walgreen’s at $48.62 per share. This transaction totaled $4,049,997. It marks the first insider buy in WAG since 2008.
This is a great show of confidence as Walgreens now trades near its highest price since 2007.
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