The Ampol (ASX:ALD) share price is up 6% as its chair gets on board

The Ampol Ltd (ASX: ALD) share price is soaring today after its chair more than doubled his personal investment in the company. The transport fuel company’s shares are up 6.02%, trading at $24.30 near the market close today.

Let’s look further into the share purchase which has sent the Ampol share price flying.

The chairman’s investment

In today’s announcement, Ampol advised its chair Steven Gregg purchased another 10,000 shares in the company after the market closed on Friday. The purchase has boosted his holding of Ampol shares to 16,000.

Mr Gregg must have believed the company’s share price on Friday was a good deal. He paid around $23.61 per share, investing more than $236,000 in total.

The on-market trade was…