Nuvation Bio Director Biotech Opportunity Gp, Reported Purchase Of 5,313,100 Shares @ Avg Price Of $1.26/Share In Form 4 Filing On Thursday
Portfolio Pulse from Charles Gross
Nuvation Bio Director Biotech Opportunity Gp reported the purchase of 5,313,100 shares at an average price of $1.26 per share in a Form 4 filing on Thursday.
September 22, 2023 | 8:56 am
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POSITIVE IMPACT
A director at Nuvation Bio has purchased 5,313,100 shares, indicating a strong belief in the company's future performance.
Insider trading, especially large purchases by directors, often indicates a strong belief in the company's future performance. This could potentially lead to increased investor confidence and a rise in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100