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Deckers Gains After CEO Increases Stake by 10,000 Shares

Deckers Outdoor Corp. (DECK), maker of the Uggs boot brand, gained after Chief Executive Officer Angel Martinez bought 10,000 shares.

The shares rose 1.2 percent to $46.98 at the close in New York. The Goleta, California-based company’s stock has declined 38 percent this year.

Martinez, who became CEO in 2005, purchased the shares starting on July 11, according to a filing with the U.S. Securities and Exchange Commission. He now owns 346,740 shares, or about 0.9 percent of the company.

To contact the reporter on this story: Matt Townsend in New York at mtownsend9@bloomberg.net

To contact the editor responsible for this story: Robin Ajello at rajello@bloomberg.net

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