Shares in International Greetings soared after the firm announced this afternoon that chairman Keith James bought a big chunk of shares in the greetings card group
He bought 40,000 shares at 55p a time, bringing his stake in the company to 50,562 shares.
News of the purchase was given an unusually warm greeting. Following the announcement, the shares immediately jumped 21% to 73p, having sat at 65p earlier in the day.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
James bought the shares on September 25.
Top Director Buys
Value: $100,000
Value: $60,000
Value: $50,200
Value: $30,067
Value: £22,000
Value: £16,140
Value: £15,765
Value: $12,000
Top Director Sells
Value: £91,668
Value: $15,100
-
FTSE 100 hits record highs – why is it rising and will we see more gains?Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
-
How to invest in copperIt may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
