Monday 10/3 Insider Buying Report: JMP, VVV Monday, October 3, 10:32 AM 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.
On Friday, JMP Group (JMP)'s CEO, Joseph A. Jolson, made a $60,190 purchase of JMP, buying 10,957 shares at a cost of $5.49 each. So far Jolson is in the green, up about 1.2% on their buy based on today's trading high of $5.56. JMP Group is trading up about 0.7% on the day Monday. Before this latest buy, Jolson purchased JMP at 36 other times during the past twelve months, for a total investment of $8.81M at an average of $5.33 per share.
And at Valvoline (VVV), there was insider buying on Wednesday, by Chief Technology Officer Frances E. Lockwood who bought 2,500 shares for a cost of $22.00 each, for a trade totaling $55,000. This buy marks the first one filed by Lockwood in the past twelve months. Valvoline is trading up about 0.1% on the day Monday. Lockwood was up about 7.6% on the purchase at the high point of today's trading session, with VVV trading as high as $23.68 in trading on Monday.
For MarketNewsVideo.com, I'm Sayoko Murase.
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