$9.6M Bet On Energy Transfer? Check Out These 4 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders at Lazydays Holdings, Akero Therapeutics, Energy Transfer, and H&R Block have made notable stock purchases, signaling confidence in their respective companies. Lazydays reported a Q1 loss, Akero priced its shares for gross proceeds of $220 million, Energy Transfer reported worse-than-expected Q1 results, and H&R Block cut its 2023 outlook.
May 24, 2023 | 1:15 pm
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NEUTRAL IMPACT
Energy Transfer Executive Chairman Kelcy Warren bought 750,000 shares at an average price of $12.79, costing around $9.59 million. The company reported worse-than-expected first-quarter results.
The insider purchase indicates confidence in the company's prospects despite the worse-than-expected Q1 results. However, the stock's short-term impact is uncertain as the purchase should not be the sole indicator for investment decisions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
H&R Block director Richard Johnson bought 10,000 shares at an average price of $29.54, costing around $295.38 thousand. The company cut its 2023 outlook.
The insider purchase indicates confidence in the company's prospects despite the cut in the 2023 outlook. However, the stock's short-term impact is uncertain as the purchase should not be the sole indicator for investment decisions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
Lazydays Holdings director Christopher Shackelton acquired 731,627 shares at an average price of $11.20, costing around $8.19 million. The company reported a loss for its first quarter.
The insider purchase indicates confidence in the company's prospects despite the Q1 loss. However, the stock's short-term impact is uncertain as the purchase should not be the sole indicator for investment decisions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Akero Therapeutics director Walmsley Graham acquired 520,000 shares at an average price of $29.69, costing around $15.44 million. The company priced its shares for gross proceeds of approximately $220 million.
The insider purchase signals confidence in the company's prospects, and the recent share pricing for gross proceeds of $220 million indicates a positive short-term impact on the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100