Fortrea Holdings Inc. Insider Drops $100K — Stock SKYROCKETS 20% Overnight! 🚀

Hi everyone. Konrad with Insider Trading Alerts here. So today I’m looking at the Insider Alerts for September 5th. You can see when they were generated, but also the date they’re for and there’s just one alert on here. FTRE, $100,000 bought, a doubling in the insider’s cost basis here, and it has an okay high return average, so the last three times that an insider has bought, it’s returned 0.68%. And this spread calculation number is the average high minus the average low in previous days. And that’s a pretty weak number. Right? But this is a stronger buy as far as dollars.

So if we go ahead and look at what happened to the chart here, I think it’s quite obvious. You can see this is marked on September 4th. And then this September 5th opening, we open at $10.99 and we go all the way almost up to $12 here. So this insider made about 20% on that trade because the filing came through, the market gapped up, and then everything jumped. Obviously that trend did not hold, but, people like me were able to spot that filing and jump on this trend.

So if you want to trade like the insiders, go ahead and sign up at InsiderTradingAlerts.ai.