Arbor Realty (ABR) Shares Rocket Higher Amid Insider Buying
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Shares of Arbor Realty Trust (NYSE: ABR) are rallying today following news after the close yesterday that an insider made some purchases. The stock most recently traded at $3.03, up 19.3% from yesterday's closing price.
A Director, William Helmreich, purchased 40,000 shares on 9/17-9/18 at prices ranging from $2.39-$2.52, bringing his stake to 130,100 shares.
Notably, the stock has already doubled its average daily volume: 795,000 trades, versus the 30-day average of 400,000 shares.
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