American Shared Hospital Services (NYSE:AMS) shares jumped 16.31% in pre-market trading to $1.64 on Thursday, following an insider purchase disclosed in a Securities and Exchange Commission filing.
Insider Activity
Executive Chairman Raymond C. Stachowiak acquired 586,468 shares of the California-based healthcare company at $2.28 per share in a private transaction on Monday, representing a roughly $1.34 million buy. The purchase was made through his entity, RCS/TIG Holdings LLC.
Following the transaction, Stachowiak’s beneficial ownership includes 752,500 shares held through RCS Investments, Inc. and 760,559 shares held through Stachowiak Equity Fund LLC, among other investment vehicles.
Benzinga’s Take: For value-oriented investors, open-market and private share purchases by executives at prices above the current market level can signal confidence in near-term catalysts or the stock’s valuation.
