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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POSITIVE IMPACT
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