$3M Bet On This Technology Stock? Check Out These 4 Penny Stocks Insiders Are Aggressively Buying
Portfolio Pulse from Lisa Levin
Insiders have recently made significant purchases in four penny stocks: authID Inc. (AUID), Altus Power Inc. (AMPS), SpringBig Holdings Inc. (SBIG), and HCW Biologics Inc. (HCWB). These transactions indicate insider confidence in the companies' prospects.
June 01, 2023 | 11:16 am
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Altus Power, Inc. (AMPS) Co-Founder, Co-CEO, Co-President Gregg Felton acquired 22,500 shares at an average price of $4.49, totaling $101.13 thousand.
The insider purchase by a top executive indicates confidence in the company's performance, especially after reporting better-than-expected Q1 financial results. This could lead to increased investor interest and a potential short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
10% owner Stephen Jeffrey Garchik acquired 6,465,612 shares of authID Inc. (AUID) at an average price of $0.47, totaling $3.02 million.
The significant purchase by a 10% owner indicates strong confidence in the company's prospects. This could lead to increased investor interest and a potential short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
HCW Biologics Inc. (HCWB) CFO Rebecca Byam acquired 40,000 shares at an average price of $1.64, totaling $65.54 thousand.
The insider purchase by the CFO indicates confidence in the company's prospects, despite posting an in-line loss for Q1. This could lead to increased investor interest and a potential short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
SpringBig Holdings, Inc. (SBIG) Director Jonathan Trauben acquired 97,318 shares at an average price of $0.30, totaling $28.89 thousand.
The insider purchase by a director indicates confidence in the company's prospects, especially after pricing a $4 million offering. This could lead to increased investor interest and a potential short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100