Luminar Technologies President, CEO Buys 791,113 Shares At Average Price Of $6.21/Share
Portfolio Pulse from Benzinga Newsdesk
Luminar Technologies President and CEO purchased 791,113 shares at an average price of $6.21 per share, according to an SEC filing.
May 18, 2023 | 6:16 pm
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POSITIVE IMPACT
Luminar Technologies CEO's purchase of 791,113 shares at $6.21 per share may indicate confidence in the company's future performance.
The CEO's purchase of a significant number of shares at $6.21 per share demonstrates a strong belief in the company's prospects. This insider trading activity can be seen as a positive signal for investors, as it indicates that the CEO is confident in the company's future performance and growth potential. As a result, this news may have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100