Flagstar Bancorp Inc – (FBC, +1, Jan 28th)
James Ciroli (CFO since 2014) purchased $228,933 of stock on January 17th at $45.79, increasing his holding by 8%. This is by far his largest purchase (none of his previous trades exceeded $60K) and the highest price he has paid.
His track record in the stock has been very good based on 10 prior purchases between 2014 and 2020. His most recent purchases in August and November 2020 at an average price of $30.27 proved very timely and contributed to a +N then a +1 ranking.
This is very interesting to see him making this unusually large purchase at a higher price level.
We are ranking the stock +1.
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