Ambac Financial Group, Inc. (AMBC) shares are seeing an uptick in after-hours trading following the disclosure that Stone House Capital Management, LLC, a member of a 10% ownership group, purchased a significant amount of the company's Class A Common Shares. According to a recent SEC Form 4 filing, Stone House Capital acquired 250,000 units at a price of $5.63 per share, totaling $1,407,500. This substantial insider buying activity is often viewed positively by investors, as it can signal confidence in the company's future prospects.
Ambac Financial Group, Inc. (AMBC) shares rose 1.29% to $13.39 in after-hours trading, following a flat close at $13.22 on December 12, 2024.