Jay Schottenstein Buys 1M shares of American Eagle – filing after the close

September 23, 2011

Jan Schottenstein is a savvy retail investor who was the former Chairman of American Eagle. He has remained an active investor in the retail space since this role. I take note of this filing after the close because he also stepped in and bought AEO last September – Sep 8th 2010 to be exact. American Eagle was $13.50 on Sep 8th 2010 and it went on to $17.36 within a month (29% return). The rest of retail ripped during this period as well and into year-end. Last time Jay bought 1/2 a million shares. Today he filed on 1M shares (double the amount) bought on 9/21 and 9/22.

Share Button

Tags: , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

Search CJ’s

Friends of CJ’s

Since Sep 2011

Contact CJ’s