Pandora upgraded expectations for second-quarter results earnings on Wednesday, driving the share price higher. They are now up 94% since we positively rated the stock on director buying on the 17th of March. This is what we said:
Anders Boyer (CFO, joined August 2018) purchased €1.3 million worth of stock on March 17th at DKK 186, doubling his holdings to 102,000 shares. This is Boyer’s second purchase, his first was for €810,000 in August 2019 at DKK 247, which proved timely using a six-month window. The stock has since moved lower and it is interesting to see an even more aggressive purchase from him. We are ranking the stock +N.