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Benzinga
Benzinga
Business
Adam Eckert

Why Helbiz Stock Is Surging After Hours

Helbiz HLBZ

Helbiz Inc (NASDAQ:HLBZ) shares are trading higher in Monday's after-hours session after the company filed a Form 4 with the U.S. Securities and Exchange Commision showing that CEO Salvatore Palella increased his stake in the company.

According to the SEC filing, Palella bought 2,044,676 additional shares at an average price of 99 cents per share, nearly doubling his stake in Helbiz. Following the purchase, Palella now owns a total of 4,544,676 shares of the company. 

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