3 Billionaire CEOs Who Are Buying Their Own Stock
It's been quite the turbulent year for the markets. Then again, it's not as if there's a modern-era precedent to dealing with pandemic. No one is certain what to expect at this point, which is why the stock market lost a third of its value in five weeks during the first quarter, as well as delivered its strongest quarterly performance in 22 years in the second quarter.
Though this volatility is likely here to stay for the foreseeable future, one potentially intriguing indicator of value that's come to light in recent months has been billionaire CEOs putting their money where their mouth is. This is to say we've seen some very wealthy, high-profile CEOs directly or indirectly (i.e. via company buybacks) signaling to Wall Street and investors that they believe their stock is cheap.
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Source Fool.com
