Houston American Energy And 3 Other Stocks Under $3 Insiders Are Aggressively Buying
Portfolio Pulse from Lisa Levin
Insiders have been aggressively buying shares of Houston American Energy Corp. (HUSA), CalciMedica Inc. (CALC), Vintage Wine Estates Inc. (VWE), and Kopin Corporation (KOPN), indicating their confidence in these companies' prospects. These stocks are all trading under $3.
May 19, 2023 | 11:28 am
News sentiment analysis
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CalciMedica, Inc. (CALC) Chief Medical Officer Sudarshan Hebbar acquired 10,000 shares at an average price of $2.70. Oppenheimer reiterated CalciMedica with an Outperform and maintained a $14 price target.
The insider's purchase of CALC shares, along with Oppenheimer's positive rating and price target, indicates confidence in the company's prospects. This could lead to a short-term increase in the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Houston American Energy Corp. (HUSA) Director James Schoonover acquired 15,000 shares at an average price of $2.24. The company's stock dropped around 45% over the past six months.
The insider's purchase of HUSA shares indicates confidence in the company's prospects, despite the recent drop in stock price. This could signal a potential turnaround for the stock in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Kopin Corporation (KOPN) Director John Fan acquired 23,293 shares at an average price of $1.35. The company reported a first-quarter FY23 revenue decline of 7% year-on-year to $10.8 million, beating the consensus of $9.8 million.
The insider's purchase of KOPN shares, along with the company's better-than-expected revenue, indicates confidence in the company's prospects. This could lead to a short-term increase in the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Vintage Wine Estates, Inc. (VWE) Executive Chairman Patrick A Roney acquired 100,000 shares at an average price of $1.17. The company posted better-than-expected quarterly earnings.
The insider's purchase of VWE shares following better-than-expected earnings indicates confidence in the company's prospects. This could lead to a short-term increase in the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100