Weekly CEO Buys Highlight

Insider invests in Ambac Financial Group

Oct 09, 2017

Ambac Financial Group Inc. (AMBC, Financial) CEO Claude LeBlanc bought 15,000 shares for $16.64 per shareÂ on Oct. 4. TheÂ stockÂ price has increased by 1.68% since.

Ambac Financial Group, through its subsidiaries, provides insurance and other financial services. The company's Financial Guarantee segment offers insurance policies and credit derivative contracts. The company has a market cap of $765.65 million. Its shares traded at $16.92 with a price-earnings (P/E) ratio of -6.87 as of Oct. 6.

Net income for the second quarter was $7.1 million compared to a net loss of $125.4 million for the first quarter.

For the complete list of stocks that were bought by their company CEOs, go to: CEO Buys.

Disclosure: I do not own stock in the company mentioned in the article.

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