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SAP’s Biggest Rout in 24 Years Has Its Leaders Buying the Stock

  • CEO, CFO among management team members making purchases
  • SAP plunged 22% Monday as the software maker cut its forecast

SAP SE’s biggest one-day loss in 24 years turns out to have been a buying opportunity for the German business-software maker’s leadership.

Regulatory filings from Monday and Tuesday show that six company directors took to the market to buy stock at about 100 euros a share -- around its current price but a 20% discount to Friday’s closing level.