Insider purchases of the new CEO:
$RDN ๐
Meet Michael Weinbach, the incoming CEO of Radian Group. ๐ค
Just before Michael takes the reins of one of the key players in the US housing market, which also operates in the finance and real estate sectors, he is making a move that appears to be an act of absolute confidence! ๐ต
We found that on June 1 and 2, Weinbach pulled out his personal wallet and went on a shopping spree for $RDN shares directly on the open market,
Here are the numbers:
In the first transaction, he bought 120,487 shares at a price of $33.89 per share. ๐
The next day, he added another 49,513 shares at a price of $34.04 per share. ๐
The incoming CEO purchased shares with his personal funds for an unusual amount of $5,768,292 ๐ต
While everyone is trying to figure out where the US real estate and mortgage market is headed, we prefer to examine the facts. โ๏ธ
When a person in the highest strategic position in an organization invests over $5 million of their personal funds upon entering their new role, it certainly catches our attention. ๐
What does the new CEO know that we don't? ๐คซ
We are monitoring ๐