Iovance Biotherapeutics shares are trading higher following a Form4 filing that showed Director Wayne Rothbaum bought 5 million shares at an average price of $5.30 per share.
Portfolio Pulse from Benzinga Newsdesk
Iovance Biotherapeutics shares are trading higher after a Form4 filing revealed that Director Wayne Rothbaum purchased 5 million shares at an average price of $5.30 per share.
September 18, 2023 | 7:35 pm
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POSITIVE IMPACT
Iovance Biotherapeutics' stock price is likely to increase in the short term due to the insider buying activity by Director Wayne Rothbaum.
Insider buying often signals confidence in a company's future prospects, which can lead to increased investor interest and a potential rise in stock price. In this case, Director Wayne Rothbaum's purchase of 5 million shares could be seen as a strong vote of confidence in Iovance Biotherapeutics, potentially leading to a short-term increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100