JP Morgan Rockets Higher Off Jamie Dimon Purchase

JP Morgan

shares are higher by $4.21 at $57.28 in Friday's session. Investors are following the lead the company's CEO Jamie Dimon who disclosed that he had purchased $26M of the company's stock. After a higher open, it retreated and found support at $55.17 before resuming it move higher. So far it has ralled to all the way to $57.43 and is not far off that level. The current high coincides with Wednesday;s high of $57.41.