Moshe Arkin, the CEO and Executive Chairman of Sol-Gel Technologies Ltd., made a significant purchase of company shares. The insider transaction involved the acquisition of US$98,000 worth of shares.
This purchase by a key executive can be interpreted as a vote of confidence in the company's strategic direction and future performance. Insider buying often aligns management's interests more closely with those of shareholders.
The transaction occurred around May 2, 2025, following recent corporate developments including a reverse share split and a major divestiture. Such actions by company leadership are closely watched by the market.
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