More Insider Details Listed below is a stock that has had recent buying activity in the public market reported by multiple management executives.
ECN Capital Corp.
Between Aug. 26–30, chief executive officer Steve Hudson invested over $1-million in shares of ECN Capital. He bought a total of 170,391 shares at an average price per share of approximately $5.87, increasing this particular account’s position to 11,449,219 shares.
Between Aug. 26– 29, chief financial officer Michael Lepore acquired a total of 50,000 shares at an average cost per share of roughly $5.74, lifting this specific account’s holdings to 639,347 shares. The cost of these purchases exceeded $286,000, excluding trading fees.
On Sept. 2, chief investment officer John Wimsatt invested over $182,000 in shares of the company. He acquired 35,000 shares at a price per share of $5.2136, after which this particular account held 558,000 shares.
The share price is down nearly 29 per cent over the past 13 trading sessions putting the stock in oversold territory with an RSI reading of 28. Generally, an RSI reading at or below 30 reflects an oversold condition.