Acasti Pharma 10% Owner Vimal Kavuru Reported Purchase Of 1,099,103 Shares @ Avg Price: Of $1.19/Share In Form 4 Filing On Wednesday
Portfolio Pulse from Charles Gross
Vimal Kavuru, a 10% owner of Acasti Pharma, has reported the purchase of 1,099,103 shares at an average price of $1.19 per share in a Form 4 filing on Wednesday.
September 28, 2023 | 9:22 am
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POSITIVE IMPACT
Acasti Pharma's 10% owner, Vimal Kavuru, has purchased over a million shares, indicating a strong belief in the company's future performance.
Insider trading, especially large purchases, often indicates the insiders' confidence in the company's future performance. In this case, Vimal Kavuru, a 10% owner of Acasti Pharma, has purchased over a million shares, which could be interpreted as a strong belief in the company's future. This could potentially lead to a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100