Does CIT CEO Thain's Recent Stock Purchase Represent a Bottom? – ValueWalk Premium

Does CIT CEO Thain's Recent Stock Purchase Represent a Bottom?

CIT Group Inc. (NYSE:CIT) CEO John Thain has a knack for timing his investments in the company he manages.  Could Thain’s recent purchase of 40,000 CIT shares on May 15 indicate the firm has hit another floor?

A recent research report from BTIG Research notes Thain’s successful track record at picking the lows in CIT Group Inc. (NYSE:CIT) stock while speculating a stock buyback might be in the offing.  The report also said CIT could be a potential acquisition target, saying . . .

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email support@valuewalk.com or click Chat.


X
Saved Articles
X
TextTExtLInkTextTExtLInk

The Life and Career of Charlie Munger

Charlie is more than just Warren Buffett’s friend and Berkshire Hathaway’s Vice Chairman – Buffett has actually credited him with redefining how he looks at investing. Now you can learn from Charlie firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below:

  • Learn from the best and forever change your investing perspective
  • One incredible tidbit of knowledge after another in the page-turning masterpiece of a book
  • Discover the secrets to Charlie’s success and how to apply it to your investing
Never Miss A Story!
Subscribe to ValueWalk Newsletter. We respect your privacy.

Here’s a Tip: Read What Professional Investors Read

ValueWalk Premium is for investors looking to improve their investment process AND keep up-to-date on the latest industry trends.

It’s THE resource for value investing and hedge funds. 📈

And with a free three-day trial and $29.99 per month thereafter, it’s a value in its own right.

Sign up now. 👇

CLICK HERE TO TRY IT OUT

 

0