Callan JMB shares surge 10.6% intraday after updating insider trading policy to delay blackout period start.

Callan JMB surged 10.60% intraday after announcing an amended insider trading policy, which revised the blackout period for insider trading to align with quarterly financial disclosures. The updated policy shifts the blackout period’s start to the 20th day of the third month of each fiscal quarter, extending restrictions until after public results are disclosed. This change, detailed in a Form 8-K filing, aims to enhance transparency and align trading restrictions with the company’s reporting schedule. The move reflects improved corporate governance practices, potentially boosting investor confidence. Other news, including a preliminary manufacturing agreement and expansion into food sampling logistics, were mentioned but not directly linked to the intraday price spike. Governance concerns related to insider control and executive pay declines were noted but did not drive the upward movement.