COO Steven M Klein bought 50,000 shares of CLBK at $10.00 (+7.6% holdings); stock down 57.6% from 52-week high amid cluster buy signal.
Steven M Klein, Sr. EVP and COO, purchased 50,000 shares at $10.00, increasing his holdings from 661.6K to 711.6K shares. This transaction occurs in a notable context: the stock is trading at $10.94, down 57.6% from its 52-week high of $25.83 and down 44.7% over the past 30 days. The purchase is part of a cluster pattern, with 7 other insiders also buying within the past 14 days, suggesting coordinated or similarly-motivated accumulation at depressed price levels. Klein's cross-ticker track record shows a 100.00% 90-day win rate with +52.5% average 90-day returns on 1 prior open-market buy, though this historical success applies across multiple tickers, not specifically at CLBK. The concentration of insider buying activity during a sharp decline merits investor scrutiny.