Bargain hunters should note significant insider buying in two companies. On September 11, 2023, Upstart Holdings CEO Paul Gu purchased 50,000 shares at $25.55 each, totaling $1.28 million. This follows previous investments worth $5.3 million at an average price of $35.32 per share in the past year. Upstart’s shares rose approximately 1.7% on the day of the purchase.
Similarly, Alphatec Holdings CEO Patrick Miles bought 115,000 shares at $8.81 each, amounting to $1.01 million. Following the purchase, Alphatec’s stock surged about 13.3%, with shares reaching a high of $10.08 during Friday’s trading session. Miles experienced an approximate gain of 14.4% at the peak of the day.
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