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Deckers Gains After CEO Increases Stake by 10,000 Shares

July 13 (Bloomberg) -- Deckers Outdoor Corp., 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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