Pier 1 Imports up on CEO share purchase
Pier 1 Imports, Inc. (NYSE: PIR) shares are higher after the home furnishings retailer’s chief executive bought 40,000 shares, according to regulatory filings. CEO Alex Smith bought the shares of stock on Friday for prices between $4.85 and $4.92 each, according to a report filed with the Securities and Exchange Commission.
Inside trades made on the open market are required to be reported to the SEC within two business days of the transaction.
Last week, Pier 1’s share price dipped below $4.50, its lowest level in 10 years.
In afternoon trading, PIR shares are up 8.30%, or $0.45, at $5.87. Over the last 52 weeks, shares have ranged from $4.41 to $9.06.
