According to a document submitted to the U.S. Securities and Exchange Commission (SEC), Ashley McEvoy, CEO of the medical device company Insulet, conducted a stock transaction on the open market on February 20.
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In this transaction, McEvoy purchased 4,300 shares of Silvergate's common stock. The filing further disclosed that the average transaction price was $239.35 per share. Such open market purchases by company executives are typically viewed by market participants as a signal of their confidence in the company's future development.
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