Over $5M Bet On Southwest Gas? Check Out These 4 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders at Southwest Gas Holdings, ACADIA Pharmaceuticals, Howard Hughes Corporation, and Energy Transfer have recently made notable stock purchases, signaling confidence in their respective companies.
May 25, 2023 | 1:23 pm
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Baker Brothers Life Sciences LP acquired 921,522 shares of ACADIA Pharmaceuticals at an average price of $25.10, totaling $23.13 million.
Baker Brothers' substantial investment in ACADIA Pharmaceuticals, despite the company posting a wider-than-expected Q1 loss, signals confidence in the company's long-term prospects. This could lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Kelcy Warren bought 400,000 shares of Energy Transfer at an average price of $12.78, totaling $5.11 million.
Kelcy Warren's purchase of Energy Transfer shares, despite the company posting downbeat quarterly results, signals confidence in the company's long-term prospects. This could lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
William Ackman bought 98,663 shares of Howard Hughes Corporation at an average price of $74.12, totaling $7.31 million.
William Ackman's purchase of Howard Hughes Corporation shares, following the company's narrower-than-expected Q1 loss, indicates confidence in the company's prospects. This could lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Icahn Partners Master Fund LP acquired 89,617 shares of Southwest Gas Holdings at an average price of $57.93, totaling $5.19 million.
Icahn Partners' significant investment in Southwest Gas Holdings indicates confidence in the company's prospects, especially after reporting better-than-expected Q1 results. This could lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100