Broadpoint Gleacher (BPSG) Shares Rocketing Higher Amid Insider Buy
Shares of Broadpoint Gleacher Securities Group (Nasdaq: BPSG) are rallying sharply today as traders are responding to news of an insider buy from late last week. The stock is now up 9.5% to $3.97.
Broadpoint Gleacher's Bruce Rohde, a director, purchased 100,000 shares on 2/3 at prices ranging from $4.10-$4.20. Following the buy last week, Rohde now directly holds 100,000 shares.
Notably, volume in the stock is extremely heavy today: the stock normally trades about 890,000 shares over the course of an entire day, but shares have already traded nearly 1.5 million times.
Broadpoint Gleacher's Bruce Rohde, a director, purchased 100,000 shares on 2/3 at prices ranging from $4.10-$4.20. Following the buy last week, Rohde now directly holds 100,000 shares.
Notably, volume in the stock is extremely heavy today: the stock normally trades about 890,000 shares over the course of an entire day, but shares have already traded nearly 1.5 million times.
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