Erasca shares are trading higher after a Form4 filing showed CEO Jonathan Lim acquired 100,000 shares at an average price of $2.75.
Portfolio Pulse from Benzinga Newsdesk
Erasca's CEO Jonathan Lim acquired 100,000 shares at an average price of $2.75, according to a Form4 filing, leading to an increase in the company's stock price.
June 09, 2023 | 4:26 pm
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Erasca's stock price is trading higher after CEO Jonathan Lim's acquisition of 100,000 shares at $2.75 each.
The acquisition of 100,000 shares by Erasca's CEO Jonathan Lim demonstrates his confidence in the company's future prospects. This insider trading activity can positively influence investor sentiment, leading to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100