HPK - HighPeak Energy skyrockets as insiders buy $92M of shares
2023-07-24 11:55:59 ET
HighPeak Energy ( NASDAQ: HPK ) +14% in Monday's trading after insiders bought more than $92.5M in common shares, according to a Bloomberg compilation.
Last week, 11% shareholder John Paul Dejoria bought more than 6.57M common shares at $10.50 each, in the biggest purchase of the company by an insider in the past year, according to an SEC Form 4 filing .
Six insiders bought stock, according to Form 4 filings, including $12M in shares by HighPeak ( HPK ) President Michael Hollins and $10M in shares by CEO Jack Hightower, which Bloomberg said is the highest total value of shares traded by insiders since at least October 2021.
More on HighPeak Energy:
- Financial and valuation comparison to sector peers
- Analysis: HighPeak Energy Faces Challenges With Refinancing Of 2024 Notes
- Stock price return: Down 40.5% YTD, down 46% in the past 12 months
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HighPeak Energy skyrockets as insiders buy $92M of shares