Amaze (AMZE) stock surged on Wednesday after the low-carb and low-calorie wine seller revealed new insider trading. A filing with the Securities and Exchange Commission (SEC) revealed that CEO Aaron Day purchased a large amount of the company’s shares via open-market transactions on Monday.
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Day’s recent stock purchase included 335,440 shares that were bought for an average price of $0.2999, bringing the total value of the transactions to roughly $106,596. This also brings his total holdings of AMZE stock to over 575,000 shares, building on his more than 10% stake in the company.
Day spoke about what spurred him to buy more shares of AMZE. He said, “As evidenced in our recent results, we are experiencing strong demand from our creators and believe that we are just at the start of the creator economy revolution. These purchases reflect my confidence in the direction of the Company and our dedication to executing our business plan at the highest level.”
Amaze Stock Movement Today
Amaze stock was up 15.3% on Wednesday but remained down 97.33% year-to-date. The stock has also fallen 97.67% over the past 12 months.
With today’s insider buying news came heavy trading of Amaze stock. As of this writing, more than 79 million shares have changed hands, compared to a three-month daily average of about 132,000 units.
Who Owns Amaze Stock?
With the recent insider buying, traders might be interested in knowing more about the holders of Amaze stock.
- Public Companies and Individual Investors own 94.09% of AMZE stock.
- Insiders own 3.77% of AMZE shares.
- Institutional Investors own 2.14% of the company’s stock.
