🟢 Blend Labs Inc is trading 7.2% up today following a significant insider stock purchase

Blend Labs Inc is trading 7.2% up at $1.78 in pre-market after a major insider revealed a significant stock purchase.

• Director and 10% owner Haveli Investments, L.P., purchased 1,118,935 shares between June 8 and June 10 for a total value of approximately $1.88 million.
• The transactions were disclosed in a Form 4 filing with the SEC on June 10 and reported by news outlets late that day and on June 11.
• Such a large purchase by an insider can signal strong confidence in the company's future prospects, often acting as a positive catalyst for the stock price.