Insider Buying Hits US$2.76m at FTAI Infrastructure Amid CEO's US$2.6m Purchase

Over the past year, insiders have increased their holdings in FTAI Infrastructure Inc. (NASDAQ:FIP) by purchasing US$2.76m worth of shares. While this is encouraging, it's essential to consider the context of the purchases. CEO & President Kenneth Nicholson made the largest purchase, buying US$2.6m worth of shares at US$5.22 per share, significantly lower than the recent price of US$5.80. Insider ownership stands at 7.2% of the company, worth US$48m, indicating some alignment between management and smaller shareholders.