Shares of SAVA are trading 28% higher - strong insider buying signal

Cassava Sciences Inc (SAVA) is trading 28% higher at $25.8 today. While the Health Care sector is having a somewhat glum day in general, the company is quickly outperforming it's peers.

Shares are trading higher after the company posted an SEC filing showing strong insider buying as a company director significantly increased the shares he was holding.

Cassava Sciences Inc has been trading between a 52-week high of $123.37 and a 52-week low of $13.84. The stock has a market cap of $1.03 Billion.

Cassava Sciences' mission is to discover and develop innovations for chronic, neurodegenerative conditions. Over the past 10 years, Cassava Sciences has combined state-of-the-art technology with new insights in neurobiology to develop novel solutions for Alzheimer's disease.

As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

odomso - 7 upvotes - source
Why are SAVA and weed stocks booming lol, this market is fucked

YYiannapolous - 7 upvotes - source
Sava is bussinnn

kdasilva93 - 7 upvotes - source
SAVA get in now

julukus - 6 upvotes - source
SAVA made a cool 2k on the 20.5 call. Im out

CarpeLivem - 6 upvotes - source
SAVA 23.5c +100,000% How is this even possible??? Could you even buy that many contracts to begin with?

Past_Ad6361 - 5 upvotes - source
SAVA calls !!!!

Shazam10-SAP - 5 upvotes - source
Can someone explain wtf is happening with SAVA ah?

Baadllama - 5 upvotes - source
SAVA bots today are the same FUBO bots from yesterday

travis0548 - 5 upvotes - source
Srsly what did SAVA do?

su404455 - 4 upvotes - source
SAVA $40c