New York Community Bancorp (NYCB) experienced a notable insider buying spree as its Chairman purchased $200,000 worth of stock, as reported by the WSJ, following a 26% decline in its share price over five days. This move comes after the company experienced a $4 billion selloff. The CEO and other board members also participated, buying more than 200,000 shares into their IRAs. Amidst this activity, the company is reportedly seeking funds and considering asset sales, with customers watching the situation anxiously.
At first glance, New York Community Bancorp may appear to be going down the same grim path as Silicon Valley Bank in March and First Republic Bank in April. But the surface-level similarities in these stories belie two big differences https://t.co/0aUCIjzaee π
A few new thoughts on $NYCB after another wild week https://t.co/5ARFOKy0hb
Weekend thoughts follow up: $NYCB insider buying and mea culpa https://t.co/eunch752RH
New York Community Bancorp is seeking funds and considering asset sales after its stock plummeted, while its customers are watching anxiously https://t.co/NYQkQLqX1f https://t.co/NYQkQLqX1f
NYCB Stock Is βVery Attractive,β Says Piper Sandler https://t.co/tSctUjqXQt
Pretty bold for $NYCB management to make open market equity purchases into their IRAs after this past week. They should have more skin in the game... https://t.co/L3Ht9jTa3k
$NYCB Jumps as CEO, Board Buy Shares After $4 Billion Selloff https://t.co/GSit3XcXi1
NYCB jumps as CEO, board buy shares after $4 billion selloff https://t.co/GRAKOGURmC via @business
New York Community Bancorp gained on Friday after its CEO and other insiders bought more than 200,000 shares of the stock https://t.co/NpKSmVqvB4
Theyβre all buying today $NYCB $KRE https://t.co/CLmVaS1AhG
$NYCB bottom is in(for now) $kre https://t.co/dxWTMFOcYy
$NYCB some insider buying getting it going. Careful with this one though. Small position only. https://t.co/gzy4FAraDu
New York Community Bancorp, $NYCB, Chairman buys $200,000 in stock after colapsing 26% in 5 days, per WSJ.