Michael F. Leggio III, Chief Operating Officer of Adams Resources & Energy, Inc. (NYSE:AE), has recently purchased shares of the company’s common stock, signaling a vote of confidence in the enterprise. On May 28, 2024, Leggio acquired 200 shares at a price of $27.0 each, amounting to a total investment of $5,400.
This transaction has increased Leggio’s direct ownership in the company, with his total holdings now amounting to 3,436.598 shares following the purchase. The acquisition of shares by a high-ranking executive is often viewed by investors as a positive indicator of the executive’s belief in the company’s future prospects.
