Blend Labs Inc is trading 5.1% up at $1.75 as the stock rebounds from recent weakness following reports of fresh insider buying.

  • Major shareholder Haveli Investments, L.P. disclosed the purchase of more than 1.1 million shares between June 8 and June 10.
  • The transactions, totaling approximately $1.88 million, have significantly bolstered investor sentiment.
  • The upward movement is further supported by a broadly stronger equity market.