Cassava Sciences Shares Experience Dramatic Volatility Following CEO’s Major Investment

The shares of Cassava Sciences demonstrated extreme price swings over the past week, culminating in a Friday decline of 3.55% to close at $2.99. This pullback, however, followed a spectacular mid-week surge where the stock skyrocketed by 46.98% in a single session. The dramatic upward move was primarily fueled by significant share purchases made by the company’s chief executive.

President and CEO Richard Barry provided a powerful vote of confidence through aggressive insider buying. Between September 18th and 19th, Barry acquired a total of 237,941 shares, representing an investment of approximately $534,743. These transactions occurred at prices ranging from $2.13 to $2.29 per share. Additional purchases followed on September 22nd. Market participants interpreted these substantial acquisitions as a clear demonstration of management’s belief in the... Read more...