Over $201M Bet On This Oil Giant? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders have recently purchased shares in Ritchie Bros. Auctioneers (RBA), Occidental Petroleum (OXY), and Genpact (G). RBA reported better-than-expected Q1 results, while OXY received a Neutral rating from Piper Sandler with a lowered price target. Genpact posted upbeat earnings for its first quarter.
May 19, 2023 | 12:23 pm
News sentiment analysis
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POSITIVE IMPACT
Genpact Director James C Madden bought 2,500 shares after the company posted upbeat earnings for its first quarter.
The insider purchase in Genpact following upbeat Q1 earnings indicates confidence in the company's prospects, which could lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Warren E Buffett, a 10% owner of Occidental Petroleum, acquired over 3.4 million shares, while Piper Sandler maintained a Neutral rating and lowered the price target.
Warren Buffett's purchase of over 3.4 million OXY shares indicates confidence in the company, even though Piper Sandler maintained a Neutral rating and lowered the price target. This could result in a short-term positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ritchie Bros. Auctioneers CEO and Director purchased shares after the company reported better-than-expected Q1 results.
Insider purchases in RBA indicate confidence in the company's prospects following better-than-expected Q1 results. This could lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100