Wednesday’s insider activity: Major buys and sells disclosed
On Wednesday, US stock insider activity saw significant buying and selling. Zentalis Pharmaceuticals Inc. was the biggest buyer, with Walters Group, a 10% owner, purchasing 4.335 million shares for $15.17 million. The stock has since declined 10.96% week-over-week but has delivered a 140% return over the past year. Bakkt, Inc. saw Director Michael Alfred buy 296,567 shares at a weighted average price of $7.12, benefiting from the stock's near-52-week low.
Advanced Flower Capital Inc.'s Director Leonard M. Tannenbaum bought 12,841 shares at $3.48-$3.50 per share, reflecting a 27% week-over-week surge in the stock price. Astera Labs, Inc., on the other hand, experienced two major insider sales due to tax withholding obligations for the vesting of restricted stock units, with President Sanjay Gajendra and CEO Jitendra Mohan selling 86,180 shares at prices ranging from $333.60 to $352.10 per share.
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