Insider trading at Vera Therapeutics Inc.
🟢 Vera Therapeutics Inc. is a clinical-stage biotechnology company. It is focused on developing and commercializing transformative treatments for patients with serious immunological diseases.
🟢 Company priced its upsized public offering of 8,064,517 class common stock at $31 per share.
🟢 Director Maha Katabi invested $5 million to acquire a total of 161,290 shares at an average price of $31.
🟢 When insiders buy stock, it shows that they are optimistic about the company's future or that they think the price is cheap. In any case, this suggests a chance to buy the stock at a discount.
🟢 Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
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Source: Benzinga
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