Ouster shares are trading higher after a Form4 filing showed that the company's President and CEO Angus Charles Pacala bought 16,000 shares at an average price of $12.33 per share. Also, CTO Mark Frichtl bought 8,000 shares at an average price of $12.34 per share.
Portfolio Pulse from Benzinga Newsdesk
Ouster shares are trading higher following a Form4 filing revealing that President and CEO Angus Charles Pacala purchased 16,000 shares at $12.33 each, and CTO Mark Frichtl bought 8,000 shares at $12.34 each.
May 17, 2024 | 4:48 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Ouster shares are trading higher after insider buying by the company's President and CEO, and CTO. This insider buying is often seen as a positive signal by investors.
Insider buying by top executives is generally viewed positively by the market as it indicates confidence in the company's future prospects. The purchases by the CEO and CTO are likely to boost investor sentiment and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100