Source: Bloomberg
Summary
On Running AG’s three co-founders, David Allemann, Casper Coppetti, and Olivier Bernhard, acquired 60,000 Class A shares last Thursday. The purchase comes as the company’s stock has slumped. According to Bloomberg, the founders bought the shares at $24.45 each.
Our Reading
The trend returns with a new name.
Founders buying shares during a slump is a familiar move. On Running AG’s co-founders are following a well-trodden path. The purchase echoes similar moves by other company founders in the past. It’s a story that repeats itself in the business world. The cycle of founders buying shares during a downturn is a predictable one.
Author: Evan Null
