HighPeak Energy shares are trading higher after CEO Jack Hightower acquired a total of 500,000 shares at an average price of $16.57. The company's President also bought shares.
Portfolio Pulse from Benzinga Newsdesk
HighPeak Energy's CEO Jack Hightower and the company's President have acquired a total of 500,000 shares at an average price of $16.57, leading to a rise in the company's share price.
September 22, 2023 | 2:29 pm
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POSITIVE IMPACT
HighPeak Energy's stock price is likely to increase in the short term due to insider buying by the CEO and President.
Insider buying is often seen as a positive sign by investors as it indicates that the company's top executives have confidence in the company's future. This can lead to increased investor confidence and a rise in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100