Sonos (SONO) was Smart Insider's stock pick of the week after the company's President and Chief Executive Thomas Conrad acquired $1 million worth of Sonos shares for $16.17 apiece on Nov. 17, raising his stake by 26%.
Conrad first bought $1 million worth of the shares in August for $11 per share, Smart Insider said in a Tuesday note.
It is "interesting" to see the CEO make another "large" stock purchase after his August buy, the note said.
Smart Insider renewed the stock +1, or strong positive signal, on Nov. 20.
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