- Cassava Sciences is up 22% in after-hours trading following the disclosure of a large stock purchase from a member of its board of directors.
- Director Sanford Robertson, principal of technology buyout fund Francisco Partners, bought 100K shares at $20.69 each on August 12. he now owns a total of ~1M shares.
- CFO Eric Schoen added 2.5K shares the same day at $19.95 each . He owns a total of 19.8K.
- Seeking Alpha's Quant Rating views Cassava Sciences ( NASDAQ: SAVA ) as a strong sell .
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Cassava Sciences surges 22% following large buy from company director