Why Shares of Forterra Inc Popped 24% Today
Shares of pipe and infrastructure company Forterra Inc's (NASDAQ: FRTA) stock jumped as much as 24.1% in trading Tuesday after seven insiders bought the stock. Shares settled slightly lower as the trading day continued, but shares were still up 19.2% at 11:20 a.m. EDT.
Officers and directors Lori Browne, Vikrant Bhatia, Kevin Barner, Clinton McDonnough, Kyle Volluz, Jeff Bradley, and Chris Meyer bought a total of 167,800 shares on Sept. 11, showing a management team bullish on the company's future. We don't know exactly why all of these insiders bought shares at the same time, but it has given traders a reason to bid shares higher on Tueaday.
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Source: Fool.com
