EPOW's CEO Purchased 245,000 Shares Of The Company's Ordinary Shares In The First Week Of This Year, At A Price Of $1.0706 Per Share, For Approximately $262,297
Portfolio Pulse from Benzinga Newsdesk
Haiping Hu, CEO of Sunrise New Energy Co., Ltd. (EPOW), purchased 245,000 shares of EPOW at $1.0706/share, investing about $262,297. His total ownership is now 7,107,933 shares. Hu expressed strong confidence in the company's future prospects.
January 08, 2024 | 2:26 pm
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EPOW's CEO Haiping Hu purchased 245,000 shares, signaling strong confidence in the company's future and increasing his stake to over 7 million shares.
The CEO's purchase of a substantial number of shares is often viewed as a positive signal by investors, indicating strong insider confidence in the company's prospects. This can lead to a positive short-term impact on the stock price as it may encourage other investors to follow suit, expecting future growth.
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