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

MT Newswires Live

03/03

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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