ImageneBio shares rise 10.52% intraday after director buys 16,000 shares, signaling confidence.

ImageneBio surged 10.52% intraday following a significant insider purchase. Director Joseph P. Slattery acquired 16,000 shares, signaling confidence in the company’s prospects. Insider buying is typically interpreted as a bullish catalyst, as it reflects management’s conviction in the stock’s value. The transaction occurred ahead of the stock’s intraday rally, aligning with the upward price movement. No other news events were provided to contradict or supplement this explanation.