Arrow Electronics Pick of the Week at Smart Insider Following Interim President, CEO Austen Stock Purchase

MT Newswires Live

Mar 03

Arrow Electronics (ARW) was Smart Insider's stock pick of the week after Interim President and Chief Executive William Austen acquired $601,000 worth of company shares at $151.87 apiece on Feb. 19, raising his stake by 10%.

The CEO's only prior stock purchase was in March last year when he bought $197,000 worth of company shares at $152 apiece, Smart Insider said in a Tuesday note, adding that it is "notable" that Austen is now buying shares in larger size and at a higher price.

Smart Insider ranked the stock +1, or a strong positive signal, on Feb. 23.

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