Calavo Growers (CVGW) Soars 6.12% on CEO's Insider Buying, Buyback Plan

Calavo Growers (CVGW) shares surged 6.12% today, marking the second consecutive day of gains, with a total increase of 8.59% over the past two days. The stock price reached its highest level since December 2024, with an intraday gain of 6.37%.

One of the key factors driving the recent surge in Calavo Growers' stock price is the significant insider stock purchases made by the company's CEO, Lecil E. Cole. On April 14, 2025, Cole acquired 38,155 shares, which is a strong indicator of confidence in the company's future prospects. Such insider purchases often signal to investors that the company's leadership believes in its growth potential, thereby boosting investor sentiment and driving up the stock price.

Additionally, Calavo Growers announced a $25 million stock buyback program authorized by its Board of Directors. This initiative is designed to enhance shareholder value by reducing the number of outstanding shares, which can lead to an increase in earnings per share. Stock buybacks are generally seen as a positive move by investors, as they demonstrate the company's commitment to returning value to shareholders and can have a positive impact on the stock price.