Why P3 Healthcare Shares Jumped Wednesday
Shares of P3 Health Partners (NASDAQ: PIII) were up 10% Wednesday morning after rising as much as 16.2% in early trading. The shares were buoyed when investors noticed the CEO purchased a large amount of the company's stock. Shares of P3 Health are up more than 84% this year.
P3 Health Partners is a physician-led health management company that provides primary care, chronic-care management, and other services to Medicare Advantage and commercial patients. The healthcare company has a network of more than 2,800 affiliated primary care providers in the U.S.
CEO Sherif Abdou bought 100,000 shares of his company's stock at $2.62 a share on May 12, as reported in a Securities and Exchange Commission filing on May 16. The insider buy was seen as a positive sign.
Source Fool.com
