Director Rock Soffer Of Longeveron Reported Purchase On Friday Of 276,596 Shares At Average Price Of $1.24
Portfolio Pulse from Benzinga Newsdesk
Director Rock Soffer of Longeveron purchased 276,596 shares at an average price of $1.24 on Friday, according to an SEC filing.
April 15, 2024 | 1:12 pm
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Director Rock Soffer's purchase of 276,596 shares at $1.24 indicates strong insider confidence in Longeveron's future.
Insider purchases, especially of this magnitude, are often viewed as a strong signal of confidence in the company's future prospects by those with intimate knowledge of its operations. This can lead to increased investor confidence and potentially drive up the stock price in the short term.
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