😎 Summer Sale Exclusive - Up to 50% off AI-powered stock picks by InvestingProCLAIM SALE

Insider trades this week: Canoo stock surges on big CEO share purchase

Published 12/04/2022, 07:13 AM
Updated 12/04/2022, 07:21 AM
© Reuters.

Sizable insider moves can serve as useful bellwethers for investors. Here are some of the biggest such moves from the past week, as first reported on InvestingPro+.

Rackspace Technology Inc (NASDAQ:RXT) Director, Shashank Samant, bought 100,000 shares on 11/29/22 at $4.5462. The value of the purchases was $454,620. Shares gained 3.9% for the week to $4.85.

Canoo Inc (NASDAQ:GOEV) rose sharply after CEO, Tony Aquilla, bought over 9 million additional shares. Filings with the SEC showed that on November 9, 2022, Canoo entered into the Subscription Agreement providing for the purchase of an aggregate of 9,009,009 shares of Common Stock at a price of $1.11 per share for an aggregate purchase price of $10.0 million. Aquilla and related entities now own 62,479,217 shares of Canoo, or 19.2% of the shares outstanding. Shares of the EV maker gained 22% for the week to $1.44.

Vapotherm (NYSE:VAPO) CEO, Joseph Army, bought around 902,000 shares on 11/28/22: 750,000 at $0.76 and another 152,000 at prices from $0.755-$0.7948. The combined value of the purchases was some $690,000. CFO John Landry also reported purchase of 135,000 shares on 11/28/22, at prices from $0.76 to $0.7899, for a total purchase price of around $105,000. Shares gained 97.6% for the week to $1.62.

Rocket Companies Inc (NYSE:RKT) CEO, Jay Farner, 77,400 shares from 11/28/22-11/30/22 at prices from $7.56-$7.89, bringing his stake to 5,651,907 shares direct and 204,000 indirect. The value of the purchase was around $600,000. Shares gained 9.8% to $8.41 for the week.

3D Systems (NYSE:DDD) CEO, Jeffrey Graves, bought 20,000 shares from 11/25/22-11/28/22 at $9.50-$9.70. The value of the purchase was nearly $200,000. Shares gained 5.8% for the week to $10.18.

If you’re interested in upgrading your search for new investing ideas, check out InvestingPro+

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.