HCHC - HC2 Holdings +12.6% as Chairman Glazer buys $9M in stock

HC2 Holdings (HCHC) is up 12.6% postmarket after the disclosure that its chairman bought just under $9M worth of stock. Avram Glazer made three purchases of stock this week through its LLC Lancer Capital: a purchase of 193,715 shares on Tuesday; a purchase of 1,334,276 shares on Wednesday; and a purchase of 1,062,009 shares today. That leaves Glazer with indirect beneficial ownership of 18,643,406 shares through Lancer. He also has direct ownership of 33,747 shares. The stock closed at $3.49 today but is quoting at $3.93 after hours.

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HC2 Holdings +12.6% as Chairman Glazer buys $9M in stock