Over $4M Bet On Diversified Healthcare Trust? Check Out These 4 Stocks Under $5 Insiders Are Aggressively Buying
Portfolio Pulse from Lisa Levin
Insiders have recently made significant purchases in four penny stocks: Diversified Healthcare Trust (DHC), Rain Oncology (RAIN), Cronos Group (CRON), and Vaccitech (VACC). These transactions may indicate confidence in the companies' prospects.
June 02, 2023 | 11:17 am
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POSITIVE IMPACT
Cronos Group's director acquired 37,500 shares at an average price of $1.74, spending around $65.07 thousand, following a 19.5% decrease in net revenue compared to the year-ago quarter.
The director's purchase of CRON shares, despite a decrease in net revenue, indicates confidence in the company's prospects. This could lead to a short-term positive impact on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Diversified Healthcare Trust's director acquired 3,154,641 shares at an average price of $1.38, spending around $4.34 million, following better-than-expected quarterly sales.
The director's significant investment in DHC shares indicates confidence in the company's prospects, especially after posting better-than-expected quarterly sales. This could lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Rain Oncology's 10% owner Tang Capital Partners LP acquired 1,088,273 shares at an average price of $1.06, spending around $1.16 million, despite a recent downgrade from Roth MKM.
The 10% owner's purchase of RAIN shares, despite a recent downgrade, indicates confidence in the company's prospects. This could lead to a short-term positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Vaccitech's director acquired 13,750 shares at an average price of $2.66, spending $36.61 thousand, following a narrower-than-expected quarterly loss.
The director's purchase of VACC shares indicates confidence in the company's prospects, especially after posting a narrower-than-expected quarterly loss. This could lead to a short-term positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100