Axogen, Inc. (AXGN) shares saw an uptick in after-hours trading following a significant purchase by Saba Capital Management, L.P. The large owner acquired $126,566 worth of shares, totaling 15,801 units at a price of $8.01 per share, as reported in an SEC Form 4 filing. This move by a major institutional investor likely signals confidence in the company's future prospects, which can positively influence retail investor sentiment.
Axogen's stock rose 4.6% in after-hours trading, reaching $14.54, after closing at $13.90 on November 29, 2024.