07:34 AM EDT, 08/26/2024 (MT Newswires) -- XPeng ( XPEV ) share prices were up nearly 4% in Monday's premarket activity after the company disclosed in a regulatory filing that its Chairman and Chief Executive Xiaopeng He acquired 1 million shares and 1.4 million American Depositary Shares of the company between Aug. 21 to 23.

The company's board of directors said, "the acquisition demonstrates the strong confidence of He towards the prospects and growth potential" of the electrical vehicle maker.

Price: 7.28, Change: +0.27, Percent Change: +3.85