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Grab Shares of MCB Cheaper Than the CFO Did
Monday, June 28, 1:54 PM ET, by Market News Video Staff

There's an old saying on Wall Street about insider buying: there are many possible reasons ...

Metropolitan Bank Holding Becomes Oversold (MCB)
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Insider Bets Paying Off At MCB As New 52-Week High Reached
Friday, September 24, 1:10 PM ET, by Market News Video Staff

In trading on Friday, shares of Metropolitan Bank Holding Corp (MCB) touched a new 52-week ...

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Insider Bets Paying Off At MCB As New 52-Week High Reached

By Market News Video Staff, Friday, September 24, 1:10 PM ET
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In trading on Friday, shares of Metropolitan Bank Holding Corp (NYSE:MCB) touched a new 52-week high of $83.80/share. That's a 227.09% rise, or $58.18 per share from the 52-week low of $25.62 set back on 09/24/2020. That means at today's intraday high, any investor who purchased MCB stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, MCB has seen 3 different instances of insiders buying over the trailing six month period.

Purchased Insider Title Shares Price/Share Value
06/18/2021 Greg Sigrist EVP and CFO 1,600 $61.35 $98,163.36
09/20/2021 David J. Gold Director 1,000 $75.00 $75,000.00
09/20/2021 Mark R. Defazio President and CEO 3,333 $75.00 $249,975.00

The chart below shows where MCB has traded over the past year, with the 50-day and 200-day moving averages included.

Metropolitan Bank Holding Corp Moving Averages Chart

In afternoon trading on Friday, MCB shares are changing hands at $83.46/share, slightly below the new 52-week high.


This Article's Word Cloud:   Bank   Bargains   Cheaper   Corp   David   Defazio   Director   Friday   Gold   Greg   Holding   Insider   Insiders   Mark   Metropolitan   NYSE   Over   President   Price   Purchased   Share   Shares   Sigrist   Start   Than   That   Title   Value   afternoon   averages   back   been   below   bets   buying   changing   chart   company   different   from   gain   hands   high   insiders   over   past   share   shares   trading   week
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Insider Bets Paying Off At MCB As New 52-Week High Reached | Market News Video | Copyright © 2008 - 2022, All Rights Reserved

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