UPDATE: Newmark Group’s CEO Buys Local
The CEO’s investment on Dec. 10 was made in multiple trades at prices ranging from $8.58 a share to $8.60 a share.
NEW YORK CITY—Newmark Group Inc. CEO Barry M. Gosin purchased more than 300,000 shares of the real estate brokerage company’s stock on Monday and yesterday added another more than 580,000 of Newmark Group stock to his holdings. The CEO’s investment in Newmark Group this week totals more than $8 million.
Gosin acquired on Dec. 10 an aggregate of 306,429 shares of Newmark Class A common shares at an average price of $8.59 a share for a total purchase price of approximately $2.6 million, according to an SEC filing. The CEO’s investment on Dec. 10 was made in multiple trades at prices ranging from $8.58 a share to $8.60 a share. Gosin as of Dec. 10 owned a total of 1,522,015 direct or indirect shares of Newmark Group stock.
Newmark Group’s shares closed at $9.13 a share on Tuesday, up .57 a share as compared to the $8.56 a share price at the end of trading the day before.
On Tuesday (Dec. 11), Gosin acquired another 584,567 shares of stock at $9.25 a share for a total purchase price of more than $5.4 million, bringing his two-day Newmark Group stock purchase to approximately $8 million. Gosin’s stock purchase on Tuesday was disclosed in an SEC filing.
Gosin’s investments follows the successful spin-off of the Newmark Group from BGC Partners, which closed on Nov. 30.