Newmark Group Inc – (NMRK, +1, Feb 16th)
Howard Lutnick (Chair since 2016) purchased $4.8 million of stock on the 14th of February at $17.21, increasing his holding by 2%. He owns 7.3% of the company.
This is his first proper purchase in the company since the 2017 IPO (there was a small buy in April 2021) and whilst the price is only slightly above the $14 IPO price it is nevertheless notable and rare. He is also a rare buyer in his other roles. The company was a spin-out from BGC where Lutnick
remains Chair and CEO.
We are ranking the stock +1.