Shares of New York Community Bancorp are moving higher after the company’s new Chairman of the Board, Alessandro DiNello, disclosed the purchase of 50,000 shares at an average price of $4.19, for a total value of $209,480. The bank’s CEO Thomas Cangemi also purchased shares, buying 11,310 of them for a total value of $49,877. Other insiders disclosed stock purchases in regulatory filings as well. Shares of New York Community are up 14% to $4.78 in afternoon trading.
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