Pier 1 Imports rises on insider trading reports
Pier 1 Imports, Inc. (NYSE: PIR) shares are climbing after the decorative home furnishings retailer revealed in regulatory filings that six executives bought about 2,386 shares through company purchase plans. The transactions took place on Friday and all shares were bought for $5.05 a piece.
CFO Charles Turner acquired 982 shares and Jay Jacobs, the executive vice president of merchandising, snapped up 891 shares. Other executives included David Walker, executive vice president of planning and allocations, and Gregory Humenesky, executive vice president of human resources, who purchased approximately 198 shares and 128 shares, respectively. Senior Vice President Michael Carter picked up 118 shares and Susan Barley bought 67 shares.
A company representative was not immediately available for comment.
In afternoon trading, PIR shares are up 12.72%, or $0.73, at $6.47. Over the last 52 weeks, shares have ranged from $3.26 to $9.06.
