Ambac Financial Group Inc (AMBC) Files Form 4 Insider Buying : Tavakoli Nader Buys 16,400 Shares

Ambac Financial Group Inc (AMBC): Tavakoli Nader , CEO of Ambac Financial Group Inc purchased 16,400 shares on May 19, 2016. The Insider buying transaction was reported by the company on May 20, 2016 to the Securities and Exchange Commission. The shares were purchased at $16.05 per share for a total value of $264,912.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 7, 2016, Alexander David Greene (director) purchased 10,000 shares at $15.05 per share price.On Apr 7, 2016, Tavakoli Nader (CEO) purchased 16,200 shares at $14.84 per share price.Also, On Jan 8, 2016, Jeffrey Scott Stein (director) purchased 4,500 shares at $12.88 per share price.

Ambac Financial Group: On Thursday, May 19, 2016 heightened volatility was witnessed in Ambac Financial Group which led to swings in the share price. The shares opened for trading at $15.72 and hit $16.06 on the upside , eventually ending the session at $16.06, with a gain of 1.13% or 0.18 points. The heightened volatility saw the trading volume jump to 3,25,492 shares. The 52-week high of the share price is $24.18 and the company has a market cap of $723 M . The 52-week low of the share price is at $11.92.

Ambac Financial Group Money Flow Index Chart

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