Director Voinovich Michael C bought 120 MBCN shares at $26.00 on 2025-02-21; cluster buy with 2 other insiders in 14 days
Michael C Voinovich, a MBCN director, purchased 120 shares at $26.00 on 2025-02-21, increasing his holdings by 18.5% from 648 to 768 shares. This transaction is part of a cluster pattern with 2 other insiders buying within the past 14 days, which may indicate coordinated confidence among the board. At his same-ticker (MBCN), Voinovich's prior 4 buys produced mixed 90-day timing outcomes: 50% well-timed (the 2023 transactions returned +5.2% and +8.3% over 90 days, while the 2024 buys returned -6.1% and -7.8%), suggesting neither a consistent pattern of foresight nor clear misjudgment at this ticker. The stock is currently trading at $26.33, down 21.4% from its 52-week high of $33.50, and up 7.4% over 30 days, placing the transaction at the lower end of recent volatility rather than a spike-driven event.