Director Linda Rae Morris purchased 1,000 shares of AVBH at $23.00; 15 other insiders also bought within 14 days, signaling cluster buying activity.
Linda Rae Morris, a director of Avidbank Holdings, purchased 1,000 shares at $23.00, increasing her holdings by 66.7% from 1,500 to 2,500 shares. This transaction is part of a broader cluster pattern in which 15 other insiders also bought within the past 14 days, suggesting coordinated or near-simultaneous purchasing activity across the insider group. The stock has appreciated 13.0% over the past 30 days and 14.0% over 90 days, trading at $23.55, though it remains 10.8% below its 52-week high of $26.39. The coincident buying by multiple insiders within a concentrated timeframe reflects elevated insider interest in the company at current valuation levels.