October 25, 2007 / 9:53 PM / 12 years ago

Whirlpool CEO buy 10,000 shares

NEW YORK, Oct 25 (Reuters) - The chief executive of appliance maker Whirlpool Corp (WHR.N) said on Thursday he purchased 10,000 company shares on the open market this week.

In a U.S. Securities and Exchange Commission filing, CEO Jeff Fettig said he purchased the shares for an average price of $84.33 on Wednesday, increasing his holdings to about 80,000 shares, plus deferred stock and options.

The purchases were the first open-market ones made by Fettig and the largest by any insider at the company since 2003, according to analysts at filing tracker InsiderScore.com.

Whirlpool reported a higher third-quarter profit on Tuesday, but its sales missed estimates on weaker U.S. results. The stock hit its lowest level since December 2006 earlier this month.

Whirlpool shares closed down almost 1 percent at $83.95 on the New York Stock Exchange Thursday. (Reporting by Emily Chasan)

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