HCHC - HC2 Holdings rises 9% after director buys 208000 shares

HC2 Holdings (HCHC) is up 9.2% on elevated trading volume, a lot of which has been spurred by a large insider purchase. Director and 10% owner Avram Glazer purchased just under 208,000 shares between Tuesday and Thursday this week - part of an arranged 10b5-1 trading plan adopted in March, according to an SEC filing. The move leaves Glazer with indirect ownership of 2.37M shares through an irrevocable exempt trust. That goes along with indirect ownership of 18.98M shares through Lancer Capital, and 33,747 shares directly owned.

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HC2 Holdings rises 9% after director buys 208,000 shares