Ally Financial Inc (ALLY US, +1, 28-Jan-25)
Russell Hutchinson (CFO since 2023) purchased $753,000 of stock on the 24th of January at $39.45, increasing his stake by 10%. This is Hutchinson’s first purchase since joining 18 months ago. It follows reasonable share price performance and is in a good absolute size. He already met the ownership requirement (3x salary) and it’s encouraging to see him buying in good size.
He was previously a senior M&A banker in Global Banking and Markets at Goldman Sachs and worked on Ally’s IPO ($25 in 2014). The company reported earnings on the 22nd of January.
We are ranking the stock +1 (strongly positive signal).
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