It was one month ago—Feb 11—that the market bottomed. One factor was likely JPMorgan CEO Jamie Dimon’s announcement that day that he had purchased $26.5 million of JPM stock.
The buying was at four different prices, but the average price was roughly $53.18. With JPM stock hovering near $59 today, that’s a gain of 10.8 percent, slightly outperforming the S&P’s roughly 10 percent gain in the same time period.
Not bad. What’s next, Jamie Dimon Asset Management?
If you’re really bored, here’s the amounts Jamie Dimon bought and the prices paid, all on Feb. 11:
330,000 shares at $53.14 $17.53M
45,0000 shares at $53.29 $2.4M
85,000 shares at $53.30 $4.5M
40,000 shares at $53.13 $2.1M
Total $26.53 M