SBUX stock has had a good year and JCPenney (JCP) CEO Myron ‘Mike’ Ullman is among those who want a piece of that action.
Ullman spent about $535,000 on 7,000 shares of Starbucks (SBUX) shares last week at an average price of $76.43 per share. He’s been an unpaid Starbucks board director since 2003 and he now owns about 17,000 shares of SBUX stock.
The JCPenney CEO has already made a profit as SBUX stock is up 0.9% Friday afternoon and is now selling at an average per-share price of $77.82. Ullman’s struggling retail store has also had a good Friday with JCP stock up almost 5%.