Banco Bradesco is exploding higher today, extending a positive trend that began on October 5 when the stock saw a significant double-digit jump. This momentum is largely driven by a wave of insider confidence, highlighted by executive officer Fernando Freiberger’s purchase of nearly $900,000 in shares. Because these insider acquisitions were made at a substantial premium to the market price, investors are interpreting the activity as a strong signal that the bank is on a path toward recovery.