Insider Buying: Hedge Fund Legend Makes A Series Of Stock Purchases In Premium Digital Smart Home Fitness Company Interactive Strength (NASDAQ: TRNR - "FORME")
Portfolio Pulse from shashankjacob@benzinga.com
Bradley Wickens, a notable hedge fund manager and founder of Broad Reach Investment Management, has increased his stake in Interactive Strength Inc. (NASDAQ:TRNR), a premium digital smart home fitness company. Wickens, who started with a 10% ownership stake, has made a series of purchases since the company's IPO in May, recently acquiring 20,000 shares at an average price of $5.71. This insider buying is often viewed as a positive sign for the company's future growth and share price. Another UK-based investment firm, Block.one, also recently purchased TRNR shares.
July 05, 2023 | 12:00 pm
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Bradley Wickens, a notable hedge fund manager, has increased his stake in Interactive Strength Inc. (NASDAQ:TRNR), indicating optimism for the company's future growth and share price.
Insider buying, especially from a notable figure like Bradley Wickens, is often viewed as a positive sign for a company's future growth and share price. Wickens' increased stake in TRNR indicates his confidence in the company's prospects, which could potentially influence other investors and drive up the stock price in the short term.
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