MSP Recovery shares are trading higher after company CEO John Hasan Ruiz bought 467,290 shares at an average price of $1.07 per share.
Portfolio Pulse from Benzinga Newsdesk
MSP Recovery's CEO, John Hasan Ruiz, has purchased 467,290 shares of the company at an average price of $1.07 per share. This has led to an increase in the company's stock price.
October 26, 2023 | 3:57 pm
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MSP Recovery's stock price has increased following the CEO's purchase of 467,290 shares at an average price of $1.07 per share.
Insider trading, especially by high-ranking executives, often signals confidence in the company's future performance. In this case, the CEO's substantial purchase has likely boosted investor confidence, leading to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100