Leslie’s stock rises due to insider stock purchases by CEO, CFO By Investing.com

Friday, Leslie’s Inc. (NASDAQ:LESL) saw its share price rise 5.2% in pre-market trading. That increase followed the disclosure that interim chief executive John Strain and chief financial officer Scott Justin Bowman had engaged in insider stock trading, as reported to the US Securities and Exchange Commission.

CFO Scott Justin Bowman purchased $258,000 worth of Leslie’s stock, while CEO John Strain purchased over $303,000 worth of the company’s stock. These deals come after the company’s shares have seen a 14% drop in the past month.

The recent insider buying could signal leaders’ confidence in the company’s future prospects, often seen by investors as a positive indicator. Insider trading is closely watched by market participants because it can provide information about a company’s internal expectations and financial health.

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