TCS - The Container Store stock gains after CEO buys shares

The Container Store (TCS) moves higher in premarket action after CEO Satish Malhotra is a buyer of shares. Malhotra picked up 20,500 shares yesterday at a price of $12.25. The Container Store is up more than 28% YTD, but declined earlier this week after the FQ4 earnings report didn't quite meet some high-flying expectations. During the earnings call, Malhotra noted that the addressable market for The Container Store is more than $20B, which the retailer is "keen" to nab more market share from. Shares of TCS are up 1.45% premarket to $12.50. The 52-week high is $19.31.SEC Form 4. Earnings call transcript.

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The Container Store stock gains after CEO buys shares