Insulet shares are trading higher after a Form4 filing showed president and CEO James Hollingshead purchased 5,550 shares of the company. The total transaction amounted to $1,006,825.
Portfolio Pulse from Benzinga Newsdesk
Insulet's president and CEO, James Hollingshead, has purchased 5,550 shares of the company, amounting to a total transaction of $1,006,825. This has led to a rise in Insulet's share prices.
August 30, 2023 | 3:17 pm
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Insulet's CEO's purchase of 5,550 shares has led to an increase in the company's stock prices.
The CEO's purchase of a significant number of shares indicates confidence in the company's future performance. This often leads to increased investor confidence, which can drive up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100