MSP Recovery, Inc. LIFW shares are trading higher on Thursday after company CEO John Hasan Ruiz bought 467,290 shares at an average price of $1.07 per share.
What To Know: Shares of MSP Recovery surged Thursday on news on Ruiz's purchase, as indicated by a Form 4 filing. The price move was marked by unusually high volume as well. According to data from Benzinga Pro, the stock experienced above-average trading volume of 12.60 million shares compared to its average volume of 1.53 million.
While insider purchases are not guaranteed indications of future gains in a stock's price, they can convey that the buyer has positive expectations for the future of the stock.
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LIFW Price Action: Shares of LIFW were up 33.6% at $1.44 at the time of publication, according to Benzinga Pro.
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