Volvo Cars global sales chief Erik Severinson has purchased 15,306 shares in the automaker, a transaction valued at approximately SEK 300,000.
The buy order was disclosed on Wednesday, marking a notable vote of confidence from senior management.
The purchase comes shortly after Volvo Cars shares rose in early trading, defying a report that the company’s global sales fell 5.6% year-on-year in the second quarter.
While the sales decline highlighted headwinds in key markets, the market’s positive reaction suggested investors are looking past near-term volume softness.
Severinson’s decision to add to his stake underscores management’s belief in the company’s long-term trajectory despite the recent quarterly miss.
Insider buying of this magnitude is often viewed by traders as a signal that executives perceive the stock as undervalued relative to its fundamentals.