U.S. stocks closed higher on Thursday, showcasing notable insider trades that imply confidence or bargain views. Insider purchases are not sole investment indicators, but they can offer conviction.
Here’s a look at some recent noteworthy insider purchases:
Vera Therapeutics
- Insider: Vera Therapeutics, Inc. VERA Director Maha Katabi acquired 161,290 shares at an average price of $31.00, totaling around $5 million.
- News: Vera Therapeutics priced its upsized public offering of 8,064,517 class a common stock at $31 per share.
- What Vera Therapeutics Does: Vera Therapeutics Inc is a clinical stage biotechnology company focused on transformative treatments for serious immunological diseases.
ArriVent BioPharma
- Insider: ArriVent BioPharma, Inc. AVBP 10% owner HHLR ADVISORS, LTD. acquired 4,484,672 shares at an average price of $18.00, totaling around $10 million.
- News: ArriVent BioPharma priced its upsized initial public offering of 9,722,222 common shares at $18 per share.
- What ArriVent BioPharma Does: ArriVent BioPharma Inc is a clinical-stage biopharmaceutical company dedicated to the identification, development, and commercialization of differentiated medicines for cancers.
KalVista Pharmaceuticals
- Insider: KalVista Pharmaceuticals, Inc. KALV 10% owner Nimish Shah bought 88,099 shares at an average price of $14.47, totaling around $1.27 million.
- News: KalVista Pharma announced publication of first oral factor XIIa data in Frontiers in Pharmacology in December.
- What KalVista Pharmaceuticals Does: KalVista Pharmaceuticals Inc focuses on the discovery, development, and commercialization of small molecule protease inhibitors for diseases.
Cleveland-Cliffs
- Insider: Cleveland-Cliffs Inc. CLF Director Ron Bloom bought 25,000 shares at an average price of $20.24, spending around $506,095.
- News: Cleveland-Cliffs reported quarterly adjusted losses of five cents per share, 25% below analyst expectations of losses of four cents.
- What Cleveland-Cliffs Does: Cleveland-Cliffs Inc is a flat-rolled steel producer and manufacturer of iron ore pellets in North America with one reportable segment: Steelmaking.
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