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New Peoples Bankshares Inc (NWPP) CEO Jonathan Mullins buys 2,100 Shares

January 02, 2013 | About:
insider

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President & CEO of New Peoples Bankshares Inc (NWPP) Jonathan Mullins buys 2,100 shares of NWPP on 12/28/2012 at an average price of $1.5 a share.

New Peoples Bankshares Inc has a market cap of $14.7924 million; its shares were traded at around $0 with and P/S ratio of 0.3119.

This is the annual revenues and earnings per share of NWPP over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of NWPP.


CEO Recent Trades:


  • 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.

This is the insider trade history vs. stock price of NWPP. For the complete insider trading history of NWPP, click here.




Directors and Officers Recent Trades:


  • Director John D Cox bought 31,336 shares of NWPP stock on 09/18/2012 at the average price of 1.5. John D Cox owns at least 53,072 shares after this.


For the complete insider trading history of NWPP, click here.

About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. 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."
  2. 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.
  3. 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.

Click it to Check Out What the CEO Are Trading


Rating: 2.0/5 (1 vote)

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