Shares of San Francisco-based retailer Sharper Image Corp., known for selling such items as massage chairs, air purifiers and nose-hair trimmers, soared 45% on Thursday after six top company executives bought shares this week.
The stock rose 85 cents to $2.72. The six insiders paid $1.78 to $1.90 a share.
The purchases, disclosed in regulatory filings made Wednesday, followed Sharper Image's disclosure last week that a federal judge had rejected as inadequate a proposed $22-million settlement of a suit filed by consumers who complained that the firm's Ionic Breeze air purifiers didn't work as promised.
