Aug. 31 at 10:56 AM
$ABCL insider buying is getting interesting.
One open-market purchase can mean little. Three insiders buying after the positive ABCL635 Phase 2 results is harder to ignore:
• Michael Hayden:
$1.05M across two purchases
• CFO Andrew Booth:
$384K
• John Montalbano:
$110K
That’s more than
$1.5M invested in August at roughly
$10–11 per share after the stock’s massive run and after AbCellera raised
$200M at
$9.75.
Insiders can be wrong, obviously. But when several directors, including the CFO, keep buying after a huge move, I pay attention.
Long
$ABCL
