With share prices dropping about 30% this month, ARMOUR is currently sitting at a 10-year low price. Both CEOs of ARMOUR decide to take advantage of these lows and increased their stake in the REIT.
Co-CEO, President and Secretary Jeffery Zimmer bought 5,000 shares at $4.97 per share. This buy cost the Co-CEO a total of $24,850. Zimmer now holds on to at least 66,858 shares. Since his buy, the price per share has dropped an additional -0.4%.
Co-CEO and CIO Scott Ulm also added 5,000 shares to his stake. He purchased these shares at an average price of $5.02 per share. This cost Ulm a total of $25,100. Ulm now holds on to at least 139,725 shares of ARMOUR. Since his buy, the price has dropped an additional -1.39%.