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CEO Charles N Reeves Boosts $MOFG Shares with Insider Purchase

CEO Charles N Reeves shows confidence in $MOFG by purchasing 1,785 shares, increasing his holdings. Such insider trading could indicate positive expectations for the company’s stock.

Date: 
AI Rating:   7
Insider Trading Activity: The recent insider activity for $MOFG is significantly positive, with CEO Charles N Reeves acquiring an additional 1,785 shares, increasing his holdings by approximately 3.4%. This consistent purchasing trend among insiders, with 15 purchases and no sales over the last six months, strongly suggests confidence in the company's future performance.
Hedge Fund Activity: Additionally, hedge fund movements reflect notable shifts in sentiment. While 77 institutional investors increased their $MOFG positions, 48 reduced theirs. This shows a mixed outlook from institutional investors, although the overall increase counters some of the negative movements. Notably, significant additions by firms such as Basswood Capital (+111.1%) and BlackRock (+20.1%) signal ongoing interest and confidence in the company.
Such activities provide insight into the stock's potential future performance and investor sentiment, which could impact stock prices positively.
Stocks:  MOFG