Insider buying activity has been noted at two companies: Lee Enterprises and Black Rock Coffee Bar. On Thursday, David Henry Hoffmann, an insider at Lee Enterprises, purchased 31,800 shares at $9.56 each, totaling $304,114. This marks Hoffmann’s seventh purchase of LEE shares in the past year, bringing his total investment to $2.84 million at an average price of $9.08 per share.
Additionally, on Friday, Clay Howard Geyer, Chief Operating Officer of Black Rock Coffee Bar, bought 46,005 shares for $6.52 each, resulting in a total investment of $299,816. This purchase is notable as it is the first insider buy reported by Geyer in the past year. As of Tuesday’s trading, Black Rock Coffee Bar shares are up about 4.3%, peaking at $7.49, indicating a gain of approximately 14.9% at one point during the trading session.
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