Why BENF rose 28.0% on Sep 16 2026: insider share purchases
BENF+28.0%on Wed Sep 16 2026
Beneficient Class A Common Stock was up 28.0% on the day at $0.7709, ranked #1 on 1477× its usual five-minute volume, when TapeRank recorded this spike at 07:35 ET during the pre-market session.
WHAT THE ROW LOOKED LIKE
LAST0.7709
DAY▲ 28.0%
5 MIN▲ 17.39%
5M RVOL1477×
5M $VOL$512K
FLOAT*15.4M
RANK#1
SESSIONPRE-MARKET
* FLOAT IS SHARES OUTSTANDING; TRUE FREE FLOAT IS NOT AVAILABLE
AI VERDICT
JUSTIFIEDCONFIDENCE4/5
BENF is up 29.4% pre-market after insiders purchased 33,019 shares at $1.06 per share in a newly disclosed private placement. The insider participation and purchase price above the current market provide a concrete bullish signal, while the issuance creates dilution risk into the move.
WHYA 29.4% move is substantial but supportable by insider buying at a materially higher $1.06 price, although the small 33,019-share issuance limits the fundamental scale of the catalyst.
ANALYZED 07:24 ET · 11 MIN AGO · OPENAI/GPT-5.6-LUNA
FILINGS · 24H BEFORE THE MOVE
- 02:03 ET8-K — Unregistered Sales of Equity SecuritiesSEC 8-K
SESSION LEVELS AT CAPTURE
VWAP0.6945
HOD0.8500
LOD0.5735
OR HIGH—
OR LOW—
PREV CLOSE0.6021
PM HIGH0.8500
PM LOW0.5735
GAP▲ 19.93% (indicated)
— MEANS THE LEVEL DID NOT EXIST YET AT THAT INSTANT, NOT ZERO