Unusual insider buying on the radar
Our team has again spotted an unusual trade
A senior executive at $FTAI bought shares on Thursday for $900,000
$FTAI was recently subjected to a short-seller attack and fell more than 50% from its peak
This is a growth company that was very popular; it developed a very profitable business model in trading aircraft parts and jet engines, but the company's stock recently experienced a very significant crash
And if that's not enough?!
The company reported last week and slightly missed estimates, which led to an intraday crash of almost 20%, right on an interesting technical point
This is a technical point that historically has served as a support level 4 times.
Exactly there, a senior executive decides to pull out their wallet and buy shares at an average price of $94, $5 higher than the current market price?!
This is interesting.
Under observation.