Encore Capital rises after insiders disclose share purchases
ReutersMar 6, 2025 5:06 PM
Shares of debt buyer Encore Capital Group ECPG.O rise as much as 5.5%; last up 2.4% at $35.30
Stock set to snap six-session losing streak if gains hold
Late Wednesday, ECPG CEO Ashish Masih disclosed he had acquired 20,000 shares for $702,800
Director Ashwini Gupta also bought 40,000 shares for $1.4 million
Market participants tend to track the trading activity of executives as investors believe insiders could have a clearer view of the company's outlook
ECPG stock down 26.1% YTD
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