Why do investors buy at higher prices ?

C

cashclay

I am currently in a stock called CING . Its trading at 1.60 ish. However there is news that a billionaire name Peter Werth invested over 800k at 8.53 price. I dont get why an investor would invest at a miuch higher price than its current trading price. Yeah the stock has very good news about a new medicine to treat ADHD but im just confused even with that kind of news why anyone would invest at a price so much higher .. Thank you
 
Please provide a link the SEC filing or news report.

cashclay said:
I am currently in a stock called CING . Its trading at 1.60 ish. However there is news that a billionaire name Peter Werth invested over 800k at 8.53 price. I dont get why an investor would invest at a miuch higher price than its current trading price. Yeah the stock has very good news about a new medicine to treat ADHD but im just confused even with that kind of news why anyone would invest at a price so much higher .. Thank you
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his name is Peter Werth
 

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Sorry for the NEWB question but like I said before why would anyone esp someone who is a billionaire buy a stock at a miuch higher value than it currently is.... This stock never even reached 8 ish . So im just confused ..
 
cashclay said:
I am currently in a stock called CING . Its trading at 1.60 ish. However there is news that a billionaire name Peter Werth invested over 800k at 8.53 price. I dont get why an investor would invest at a miuch higher price than its current trading price. Yeah the stock has very good news about a new medicine to treat ADHD but im just confused even with that kind of news why anyone would invest at a price so much higher .. Thank you
More...

Very cringy way to promote a stock. How long did it take you to do this due diligence?
 
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