Aug 14, 2007 114 reads by Navneet Kaushal

Barely a week after Terry Semel sold off his Yahoo! Stock for $4 Million Susan Decker, Yahoo! Inc's President bought $1.1 million of the web company's shares, reports CNN Money.

"In a U.S. Securities and Exchange Commission filing this week, Decker revealed she had purchased about 47,000 shares of the company on Aug. 7 and Aug. 8. The buy was Decker's first ever open-market stock purchase, according to filing tracker, and came one-day after the stock fell to $22.44 – its lowest level since March 2004.

Decker's buy was "just the fourth by any Yahoo insider in more than four years; and, the largest by any Yahoo insider in more than four years," InsiderScore analysts wrote in a research note Friday. "The buy also bucks a trend in the technology sector, where insiders have been sitting out the recent buying binge."

Most of Decker's holdings in the company have been acquired through restricted stock awards."

Currently, Susan Decker owns 424,700 shares of the company she works for.

Navneet Kaushal

Navneet Kaushal

Navneet Kaushal is the founder and CEO of PageTraffic, an SEO Agency in India with offices in Chicago, Mumbai and London. A leading search strategist, Navneet helps clients maintain an edge in search engines and the online media. Navneet's expertise has established PageTraffic as one of the most awarded and successful search marketing agencies.
Navneet Kaushal
Navneet Kaushal
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