MSP Recovery shares are trading higher after a Form4 filing showed Chief Legal Officer Frank C. Quesada acquired 6,868,132 shares of company stock for roughly $1.5 million.
Portfolio Pulse from Benzinga Newsdesk
MSP Recovery's Chief Legal Officer, Frank C. Quesada, has acquired 6,868,132 shares of the company's stock for approximately $1.5 million, according to a Form4 filing. This has led to a rise in the company's share price.
October 03, 2023 | 3:45 pm
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POSITIVE IMPACT
MSP Recovery's stock price has increased following the news of the company's Chief Legal Officer acquiring a significant number of shares.
Insider trading often signals confidence in a company's future prospects. In this case, the Chief Legal Officer's acquisition of nearly 7 million shares suggests a strong belief in the company's potential, which has positively impacted the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100