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Monday 4/28 Insider Buying Report: JMP
Monday, April 28, 12:21 PM ET

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at one noteworthy recent insider buy.

At JMP Group (NYSE:JMP), there was insider buying on Friday, by Glenn H. Tongue who purchased 21,023 shares at a cost of $6.45 each, for a total investment of $135,556. JMP Group is trading up about 1.2% on the day Monday. So far Tongue is in the green, up about 3.0% on their purchase based on today's trading high of $6.64.

For MarketNewsVideo.com, I'm Sayoko Murase.

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