Akoustis Technologies CEO Jeffrey B. Shealy Reported Purchase Of 1,310,000 Shares @ Avg Price: Of $0.50/Share In Form 4 Filing On Wednesday
Portfolio Pulse from Charles Gross
Jeffrey B. Shealy, CEO of Akoustis Technologies, purchased 1,310,000 shares of the company at an average price of $0.50 per share, as reported in a Form 4 filing on Wednesday.
February 01, 2024 | 12:01 am
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POSITIVE IMPACT
The CEO of Akoustis Technologies, Jeffrey B. Shealy, has shown a strong vote of confidence in the company by purchasing over a million shares. This could be a positive signal to investors about the company's prospects.
Insider purchases, especially of this magnitude, are often considered a bullish signal by the market as they suggest that company executives believe in the company's future performance. This can lead to increased investor confidence and potentially a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100