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Franklin Credit (NASDAQ:FCRM) major shareholder Thomas J. Axon purchased 100,000 shares of Franklin Credit stock in a transaction that occurred on Tuesday, August 12th. The stock was purchased at an average cost of $2.00 per share, for a total transaction of $200,000.00. Following the acquisition, the insider now directly owns 1,600,000 shares in the company, valued at approximately $3,200,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Franklin Credit (NASDAQ:FCRM) remained flat at $0.05 during trading on Tuesday. Franklin Credit has a one year low of $0.001 and a one year high of $0.41. The stock has a 50-day moving average of $0.03 and a 200-day moving average of $0.03. The company’s market cap is $502K.

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