Hibbett Inc – (HIBB, +1, Oct 7th)
Michael Longo (CEO since 2019) purchased $350,000 of stock on the 6th October at $70.08, increasing his stake by 13%. This is his second purchase since joining the company, his first was for $135,000 of stock at $9.00 in March 2020 and it’s very encouraging to see him now making this much larger purchase at a much higher price. He already met the ownership requirements ($1.5 million).
We previously ranked the stock +1 on the 19th July due to notable purchases from Benck, Blahnik and Knighten and are renewing our +1 ranking with this notable purchase from Longo.
We are ranking the stock +1.