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Stock impact report

Why Are SmartRent (SMRT) Shares Soaring Today [Yahoo! Finance]

SmartRent, Inc. Class A (SMRT) 
US:NASDAQ Investor Relations: ir.steinmart.com/investor-relations
Company Research Source: Yahoo! Finance
Shares of smart home company SmartRent (NYSE:SMRT) jumped 8.3% in the afternoon session after top executives disclosed significant purchases of company stock, signaling strong insider confidence in its future. CEO Frank Martell acquired 47,278 shares for a total of $79,715 through a family trust. Adding to this, Director Thomas Bohjalian also bought 50,000 shares, an investment valued at approximately $84,000. These kinds of purchases by a company's own leadership are often viewed by investors as a positive sign. They suggest that those with the most insight into the company's operations believe the shares have potential to grow. The recent transactions contributed to a larger pattern, with 16 insider buys compared to just one sale over the previous year. Show less Read more
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