On Friday, Leslie’s Inc. (NASDAQ:LESL) witnessed a 5.2% increase in its stock price during premarket trading. This uptick followed the disclosure that interim Chief Executive Officer John Strain and Chief Financial Officer Scott Justin Bowman engaged in insider stock transactions, as reported to the US Securities and Exchange Commission.
CFO Scott Justin Bowman purchased $258,000 worth of Leslie’s shares, while CEO John Strain acquired over $303,000 in company stock. These transactions come after the company’s shares experienced a 14% decline over the past month.
The recent insider buying could signal leadership’s confidence in the company’s future prospects, often viewed by investors as a positive indicator. Insider transactions are closely watched by market participants as they can provide insights into the company’s internal expectations and financial health.
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