Biohaven Ltd (BHVN US, +1, 25-Apr-24)
Gregory Bailey (Director since 2022; prior director of Former Parent since 2014) purchased $1 million worth of stock on April 24th at $39.18, increasing his holdings to 1.6 million shares. This purchase follows a $2 million purchase on a $265 million stock offering on April 22nd at $41.
On that offering, John Childs (Director since 2022 and of Former Parent since 2014) spent $8 million and Vladimir Coric (CEO and Chair since inception and of Former Parent) spent $5 million.
Before these recent purchases, the three long-tenured insiders last bought in October 2023 at $22, also on an offering. They also all bought shares soon after the company’s listing in October 2022 around $10.50 per share. It is interesting to see aggressive buying at meaningfully higher price points from multiple insiders.
We are ranking the stock +1.
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