Why Scorpio Bulkers' Shares Popped 14.4% Today

Shares of Scorpio Bulkers Inc (NYSE: SALT) jumped as much as 14.4% in trading Wednesday after a big insider purchase was announced. Shares settled as the day went on and were up 6.4% at the market's close. 

Between Jan. 31 and Feb. 10, 2020, company President Robert Bugbee purchased call options on 730,000 shares of the stock with a $3 strike price. The total cost of the options purchase was $0.9 million. 

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Source Fool.com