Ambu CEO Makes $3.4 Million on Share Purchases as Market Follows
- Every time CEO has bought stock, the share price has risen
- Market looks closely at insider trading at Ambu, Sydbank says
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The chief executive of Ambu A/S added to his stake in the Danish medtech company this week and once again the market rewarded him with a bump in the stock price.
Juan Jose Gonzalez snapped up 137,600 shares, adding to the 200,000 he already had acquired since taking over in May 2019. On all five occasions Ambu has disclosed his purchases, the share price has subsequently risen. The CEO has now made a profit of about $3.4 million on the investments, based on Thursday’s closing price, according to calculations made by Bloomberg.