United Homes shares surge 19.89% intraday as insiders add $780k, showing confidence in the company.

United Homes Group (NASDAQ:UHG) surged 19.89% intraday following insider buying activity and high insider ownership. The stock movement coincided with a news report indicating that United Homes insiders, including Executive Chairman Michael Nieri, added $780,000 in shares over the last 12 months, with Nieri’s largest purchase totaling $488,000 at $1.95 per share. Insiders currently own 43% of the company, signaling strong alignment with shareholder interests. The recent transactions, particularly at prices near the current $2.11 level, were interpreted as confidence in the company’s future, likely driving the intraday rally. The absence of recent insider sales and the emphasis on positive ownership trends further reinforced market optimism.