Eastern Independent Director Acquires 2.9% More Stock, Boosting Confidence in Company's Future

Frederick DiSanto, an independent director at Eastern Company (NASDAQ:EML), recently purchased $50,000 worth of stock at $19.48 per share, increasing his shareholding by 2.9%. This is seen as a positive sign despite not being a huge purchase. DiSanto had previously bought Eastern shares this year at a higher price, indicating optimism about the company. Eastern insiders were buying shares but not selling in the last year, with DiSanto owning 7.1% of the company.