Insider Buying: Franklin Credit major shareholder Acquires 450,000 Shares of Stock (FCRM)
Franklin Credit (NASDAQ:FCRM) major shareholder Thomas J. Axon acquired 450,000 shares of Franklin Credit stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost of $2.00 per share, with a total value of $900,000.00. Following the transaction, the insider now directly owns 2,050,000 shares of the company’s stock, valued at approximately $4,100,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Shares of Franklin Credit (NASDAQ:FCRM) remained flat at $0.05 during during mid-day trading trading on Monday. Franklin Credit has a 52 week low of $0.001 and a 52 week high of $0.41. The stock has a 50-day moving average of $0.0 and a 200-day moving average of $0.03. The company’s market cap is $502K.
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