President & CEO Jonathan Mullins bought 2,100 shares of NWPP stock on 12/28/2012 at the average price of 1.5. Jonathan Mullins owns at least 3,200 shares after this.
CFO Recent Trades:
EVP & CFO Christopher Todd Asbury bought 1,000 shares of NWPP stock on 12/28/2012 at the average price of 1.5. Christopher Todd Asbury owns at least 1,000 shares after this.
Why CEOs Are Buying Stocks Of Their Own Companies?
As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.
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