Investors may want to keep an eye on US Bancorp (USB).

After plunging from a high of about $47, it’s starting to bounce from support at $31.  Helping, the company’s newest director, Alan Colberg just bought 10,000 shares for $341,000 on April 21. 

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Also, according to Barron’s, “He is the first U.S. Bancorp insider to buy stock on the open market in nearly a decade. Marc Belton, then a U.S. Bancorp director, paid $388,500 in October 2013 for 10,250 shares, an average price of $37.90 each.”

With a good deal of crisis priced into the stock, it could potentially recover lost ground. 


Ian Cooper