$ADS US Alliance Data Systems Corp strong post Q1 results

$ADS US Alliance Data Systems Corp strong post Q1 results

Alliance Data Systems performed strongly yesterday as a result of very positive Q1 results. The shares are now up over 50% since we positively ranked them on management buying on the 3rd February. This is what we said:
John Gerspach (Non-Executive since 2020) purchased $411,000 of stock on the 1st February at $68.46, increasing his stake by 59%. This is his second purchase in the stock, the first was for $258,000 at $51.51 in June 2020, shortly after joining the board. It is positive to see him make a large purchase at this higher price. During his long tenure at Citigroup (he became CFO) he only made two purchases (2009 and 2016) but they were both well-timed. We are ranking the stock +N.
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