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Franklin Credit (NASDAQ:FCRM) major shareholder Thomas J. Axon acquired 100,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, June 20th. The shares were purchased at an average price of $2.00 per share, for a total transaction of $200,000.00. Following the acquisition, the insider now directly owns 1,300,000 shares of the company’s stock, valued at approximately $2,600,000. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Franklin Credit (NASDAQ:FCRM) remained flat at $0.03 during trading on Friday. Franklin Credit has a 52-week low of $0.001 and a 52-week high of $0.41. The stock’s 50-day moving average is $0. and its 200-day moving average is $0.0. The company’s market cap is $301K.

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