Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) shares are up Wednesday due to the Canada wildfires.
What To Know: Bridger Aerospace is one of the nation’s largest aerial firefighting companies, committed to utilizing technology to save lives, property and habitats threatened by wildfires.
Additionally, Benzinga previously flagged insider buying of the aerial firefighting company toward the end of last month. On May 25, three major purchases of the company’s stock were made.
McAndrew Rudisill, chief investment officer of Bridger Aerospace, purchased 175,051 shares of the company, totalling $934,772. James Muchmore, chief legal officer and EVP, purchased 113,255 shares totalling $604,781 and Darren Wilkins, president of operations, purchased 13,532 shares for $72,260.
Insider transactions often indicate that management has confidence that the stock is set to move higher.
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BAER Price Action: Shares of BAER were up 26.7% at $8.39 at the time of publication, according to Benzinga Pro.
Image by Nico Franz from Pixabay
