Newegg Commerce (NEGG) shares rose nearly 9% in recent Thursday trading, a day after investors Angelica and Vladimir Galkin purchased a combined $3.3 million worth of company stock.

A Wednesday SEC filing showed the pair acquired an aggregate of 111,111 Newegg shares at prices ranging from $29.29 to $30.23.

According to the most recent data from FactSet, Angelica Galkin holds a 13.11% stake in the company.

Price: 29.46, Change: +2.34, Percent Change: +8.63