Bruker jumps as CEO buys $5M company stock

seekingalpha
2024-11-21

Douglas Rissing

  • Shares of Bruker Corporation (NASDAQ:BRKR) traded higher on Wednesday after Frank Laukien, the chief executive officer of the life sciences firm, purchased over $5M worth of company stock.
  • More than 1.6 million shares of Bruker (NASDAQ:BRKR) have changed hands compared to the 65-day average of ~1.2 million as the stock added ~5%, which, if the gain holds, would mark BRKR's best intraday advance in over five years.
  • According to an SEC filing on Tuesday, Laukien, who has served as Bruker’s (BRKR) CEO for over thirty years, bought 100K company shares in three transactions.
  • His purchases, made at prices ranging from $49.82 to $51.36 on average, were worth more than $5.0M in total.
  • Following the transactions conducted on Monday, Laukien, the biggest shareholder of Bruker (BRKR), has increased his direct ownership of company shares to ~38.4 million.

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