$1M Bet On General Motors? Check Out These 4 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders at Southland Holdings, ProFrac Holding, and General Motors have recently made notable stock purchases. Southland Holdings reported a narrower-than-expected Q1 loss, ProFrac Holding posted downbeat quarterly results, and General Motors plans to launch an all-electric Cadillac Escalade later this year.
May 23, 2023 | 12:25 pm
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ProFrac Holding 10% owner Dan Wilks acquired 539,498 shares at an average price of $11.43, costing around $6.17 million. The company posted downbeat quarterly results.
The insider purchase of 539,498 shares by ProFrac Holding's 10% owner Dan Wilks indicates confidence in the company's prospects, despite the downbeat quarterly results. This could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
General Motors EVP Paul Jacobson bought 31,000 shares at an average price of $32.60, costing around $1.01 million. The company plans to launch an all-electric Cadillac Escalade later this year.
The insider purchase of 31,000 shares by General Motors' EVP Paul Jacobson indicates confidence in the company's prospects, especially with the upcoming launch of the all-electric Cadillac Escalade. This could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Southland Holdings Co-COO and EVP Rudolph V Renda acquired 632,413 shares at an average price of $10.12, costing around $6.4 million. The company reported a narrower-than-expected Q1 loss.
The insider purchase of 632,413 shares by Southland Holdings' Co-COO and EVP indicates confidence in the company's prospects. The narrower-than-expected Q1 loss also supports a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100