Mar. 20 at 7:32 PM
Shares of Corcept Therapeutics rose Friday after director G. Leonard Baker Jr. purchased 100,000 common shares.
According to a Form 4 filed with the SEC, Baker bought 75,782 shares at an average price of
$33.0022 and 24,218 shares at
$33.5633 on March 17, raising his direct holdings to 1,146,631 shares.
Baker also holds 3,308,303 shares indirectly through a limited partnership and 1,095,262 shares via a trust. Transactions occurred across multiple trades priced between
$32.43 and
$33.68. Insider buying can signal confidence in a company’s outlook, though it does not guarantee future performance.
$CORT