EOSE - Eos Energy surges after CEO CFO buy shares following last week's selloff

2023-07-31 10:56:31 ET

Eos Energy Enterprises ( NASDAQ: EOSE ) +19.4% in Monday's trading after CEO Joe Mastrangelo and CFO Nathan Kroeker bought shares following last week's selloff.

According to SEC filings posted Friday, Mastrangelo bought 31,199 Eos Energy ( EOSE ) shares for $2.23 each, raising his total holdings to more than 554K shares, and Kroeker purchased 4K shares for $2.145 each.

Eos Energy ( EOSE ) plunged 35% in two days last week after short seller Iceberg Research published a negative report on the company, which issued a response and said it expects to report $200K in Q2 revenues .

More on Eos Energy Enterprises:

• Financial and valuation comparison to sector peers
• Analysis: Eos Energy Gets Hit By Short Seller Report And Potential Delay To Loan Guarantee
• Stock price return: Up 91.5% YTD, down 10% in the past 12 months

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