FSBC had an underwritten public offering at $21.75 on 3-28. Six different directors bought shares at that price. The insider activity on FSBC in the last two years is almost all purchases, with only one sale, which is not especially common. That being said, all the insider buying has not predicted movement in the share price, which is slightly down over that time, and since IPO.
- Is it common for directors to purchase more shares during an underwritten public offering?
- Are indirect purchases less predictive than direct purchases? The recent purchases have been "by self as trustee"
