Ruby Tuesday jumps after multiple insiders purchase shares
Shares of Ruby Tuesday are trading higher after multiple insiders including the interim CEO, CFO and other directors, revealed in filings after the close on Thursday that they had purchased shares in the company on October 11 and October 12. The interim CEO Lane Cardwell disclosed that he'd purchased 50K shares of stock at an average price of $2.75.The Chief Legal Officer Rhonda Parish disclosed that she had purchases 10K shares of stock at an average price of $2.79. CFO Linda Sue Briley disclosed that she had purchased 7,500 shares at an average price of $2.70 per share. Director Jeffrey O'Neill disclosed that he had purchased 7,140 shares of company stock at an average price of $2.81. Director Donald Hess disclosed the purchase of 120,300 shares at an average price of $2.70 per share. Additional officers of the company bought 61,800 more shares of company stock. Shares of Ruby Tuesday are up 12.72% or 36c to $3.18 per share in morning trading.