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Stock impact report

Magyar Bancorp Insider Ups Holding During Year [Yahoo! Finance]

Magyar Bancorp, Inc. (MGYR) 
US:NASDAQ Investor Relations: magbank.com
Company Research Source: Yahoo! Finance
Viewing insider transactions for Magyar Bancorp, Inc.'s NASDAQ:MGYR ) over the last year, we see that insiders were net buyers. This means that a larger number of shares were purchased by insiders in relation to shares sold. While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether. The Last 12 Months Of Insider Transactions At Magyar Bancorp Over the last year, we can see that the biggest insider purchase was by insider Michael Lombardi for US$141k worth of shares, at about US$9.57 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$12.50. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price. Michael Lombardi purchased 25.67k shares over the year. The average p Show less Read more
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