Thursday 10/30 Insider Buying Report: JMP, DOW
Thursday, October 30, 12:38 PM ET
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
At JMP Group (JMP), a filing with the SEC revealed that on Wednesday, CEO Joseph A. Jolson bought 569,504 shares of JMP, at a cost of $6.47 each, for a total investment of $3.68M. Jolson was up about 8.2% on the purchase at the high point of today's trading session, with JMP trading as high as $7.00 in trading on Thursday. JMP Group is trading up about 1.5% on the day Thursday. Before this latest buy, Jolson bought JMP at 5 other times during the past year, for a total investment of $2.13M at an average of $6.59 per share.
And on Monday, Director Paul Polman purchased $1.00M worth of Dow Chemical (DOW), purchasing 21,500 shares at a cost of $46.56 a piece. This buy marks the first one filed by Polman in the past twelve months. Dow Chemical is trading down about 0.1% on the day Thursday. Polman was up about 2.6% on the purchase at the high point of today's trading session, with DOW trading as high as $47.75 at last check today.
For MarketNewsVideo.com, I'm Sayoko Murase.
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