As of Monday, Chief Executive Officer Mike John Dinsdale of Powerlaw purchased 15,668 shares of PWRL for $15.73 each, amounting to a total investment of $246,495. Currently, PWRL shares are trading lower, around $14.27, representing a 9.3% decline from Dinsdale’s purchase price. This marks Dinsdale’s first insider buy in the past year.
On the same day, Robert J. Hombach of Seaport Therapeutics acquired 13,000 shares for $18.14 each, totaling $235,768. This transaction also marks Hombach’s first insider buy in the last twelve months. The stock is currently up about 3.1% on Wednesday, and Hombach is already seeing gains, with the shares reaching a high of $20.04—up approximately 10.5% from his purchase price.
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