Scorpio Tankers Announces President Robert Bugbee, Has Purchased Call Options On An Aggregate Of 234,300 Common Shares (Or 2,343 Call Option Contracts) Of The Company For Total Consideration Of $1.5M The Call Option Contracts Have A Strike Price Of $67.50 And An Expiration Of January 2025
Portfolio Pulse from Benzinga Newsdesk
Scorpio Tankers' President, Robert Bugbee, has purchased call options for 234,300 common shares of the company, with a strike price of $67.50 and an expiration in January 2025, for $1.5 million.
September 26, 2024 | 8:18 pm
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Scorpio Tankers' President, Robert Bugbee, has purchased call options for 234,300 shares, indicating confidence in the company's future performance.
The purchase of call options by the company's president suggests a positive outlook on the stock's future performance. This insider activity is often seen as a bullish signal, potentially leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100