JCPenney CEO Mike Ullman Sips on SBUX Stock

by Karl Utermohlen | December 20, 2013 1:30 pm

JCPenney CEO Mike Ullman Sips on SBUX Stock

SBUX stock has had a good year and JCPenney (JCP[1]) CEO Myron ‘Mike’ Ullman is among those who want a piece of that action.

[2]200px Starbucks Corporation Logo 2011.svg 1 JCPenney CEO Mike Ullman Sips on SBUX Stock[3]Ullman spent about $535,000 on 7,000 shares[4] of Starbucks (SBUX[5]) 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%.

Endnotes:
  1. JCP: http://studio-5.financialcontent.com/investplace/quote?Symbol=JCP
  2. : http://www.ibtimes.com/jc-penney-jcp-ceo-likes-starbucks-sbux-shares-1513762
  3. [Image]: http://investorplace.com/wp-content/uploads/2012/05/200px-Starbucks_Corporation_Logo_2011.svg_1.png
  4. Ullman spent about $535,000 on 7,000 shares: http://www.ibtimes.com/jc-penney-jcp-ceo-likes-starbucks-sbux-shares-1513762
  5. SBUX: http://studio-5.financialcontent.com/investplace/quote?Symbol=SBUX

Source URL: http://investorplace.com/2013/12/sbux-stock-jcpenney-ceo-jcp-stock/
Short URL: http://invstplc.com/1fpZkLQ