$4.7M Bet On This Tech Stock? Check Out These 4 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders at Gen Digital, Bread Financial Holdings, Howard Hughes Corporation, and Keurig Dr Pepper have recently made notable stock purchases, signaling confidence in their respective companies.
May 22, 2023 | 11:48 am
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Bread Financial Holdings' 10% owner Turtle Creek Asset Management acquired 112,944 shares at an average price of $29.70, following an increase in Q1 EPS.
The insider purchase by Bread Financial Holdings' 10% owner signals confidence in the company's performance, particularly after reporting an increase in Q1 EPS. This could result in a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Gen Digital's President Ondrej Vlcek acquired 300,000 shares at an average price of $15.79, following better-than-expected Q4 results.
The insider purchase by Gen Digital's President indicates confidence in the company's prospects, especially after reporting better-than-expected Q4 results. This could lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Howard Hughes Corporation's Director William Ackman bought 61,370 shares at an average price of $74.46, following a narrower-than-expected Q1 loss.
The insider purchase by Howard Hughes Corporation's Director indicates confidence in the company's prospects, especially after posting a narrower-than-expected Q1 loss. This could lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Keurig Dr Pepper's Director Robert Singer bought 8,500 shares at an average price of $31.88, following Q1 FY23 sales growth of 8.9% YoY to $3.35 billion.
The insider purchase by Keurig Dr Pepper's Director signals confidence in the company's performance, particularly after reporting strong Q1 sales growth. This could result in a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 65
RELEVANCE 100