Insider Buying Boosts New York Community Bancorp by 17% – CEO and Executives Purchase Over 200,000 Shares After Stock Dive
Hicksville, New York – New York Community Bancorp saw a significant surge in its stock price on Friday after it was revealed that the CEO and other insiders had purchased over 200,000 shares of the company’s stock. This came after the stock had lost nearly half of its value due to a recent announcement of a dividend cut and increased loan-loss provisions. The stock rallied by 17%, closing at $4.90, marking its highest increase since …