I guess it's a bullish sign when the SEC Director buys shares; I still see this closing around sub $6.30 range today.
hhgregg, Inc. (NYSE: HGG) is higher on the session following disclosure of an insider transaction made recently.
According to a Form 4 filed with the U.S. SEC, director Darell Zink bought 5,000 hhgregg shares in the open market on August 3rd. Shares were purchased for $6.26, representing gross transaction value of $31,300.
Shares of hhgregg are 3.6 percent better Friday afternoon.