The Globe and Mail: FSD Pharma Breaks out of its Trading Range after Insiders Bet on Company Prospects

February 7, 2023

Source: https://www.theglobeandmail.com/investing/markets/inside-the-market/article-fsd-pharma-breaks-out-of-its-trading-range-after-insiders-bet-on/

Health care is one of the leading sectors in 2023, with the S&P/TSX Capped Health Care Index up 13.6 per cent in January. So, today we visit FSD Pharma HUGE-CN +8.50% increase which is working on its patented drug candidate Lucid-MS for the treatment of multiple sclerosis. In the days following Wednesday’s Fed meeting, the stock moved above its 3-month trading range. Over the past 90 days, insiders spent about $3.1 million buying shares in the public market, including $423,328 spent by the issuer to repurchase shares.

Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.

Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.