1. Align's CEO purchased $1 million in common stock, indicating confidence. 2. This marks his first purchase since 2021, showcasing renewed belief in ALGN.
Historically, insider buying boosts investor confidence and stock prices. For example, when CEOs buy shares, it often suggests they expect future growth.
Insider buying is a key signal for investors, suggesting potential growth and increased share price stability.
Insider purchases tend to have immediate effects on stock sentiment, impacting near-term trading behavior.