Per-Arne Blomquist, a newly appointed board member at Thule, has acquired 15,000 shares in the Swedish outdoor equipment company.
The transaction, valued at approximately SEK 3.2 million, was executed at a price of SEK 213.20 per share, according to reports from Nyhetsbyrån Direkt.
Blomquist was elected to Thule's board earlier this year.
His decision to purchase a significant stake shortly after joining the governing body is typically viewed by investors as a positive signal of confidence in the company's strategic direction and future prospects.
Insider buying by board members often serves as a counterweight to broader market skepticism, suggesting that those closest to the company's operations see value at current levels.
Thule has been navigating a period of strategic adjustment, aiming to stabilize its core business and improve operational efficiency.