Bargain hunters should note recent insider purchases indicating potential investment confidence. On Monday, Douglas W. Thompson, COO of CAVA Group, bought 6,500 shares at $66.52 each for a total of $432,380. As of Thursday, CAVA shares traded as low as $61.29, about 7.9% under Thompson’s purchase price. This is Thompson’s second purchase in the year, having acquired shares previously for $79.45 each.
Additionally, on Tuesday, Kevin S. Blair, CEO of Pinnacle Financial Partners, purchased 2,565 shares at $97.48 each, totaling $250,036. This marks Blair’s first insider purchase in the last 12 months. Following the purchase, Pinnacle traded up 1.2% on Thursday, with shares reaching a high of $101.70, representing a 4.3% gain since Blair’s buy.
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