$1.8M Bet On DISH Network? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders at DISH Network, M&T Bank, and Huntsman have recently made notable stock purchases. DISH Network Director James Defranco acquired 300,000 shares at an average price of $6.00, costing around $1.8 million. M&T Bank Sr. EVP and CFO Daryl Bible bought 10,000 shares at an average price of $120.61, costing around $1.21 million. Huntsman Exec VP, GC and Sec David Stryker purchased 2,500 shares at an average price of $24.50, costing around $61.25 thousand.
June 06, 2023 | 11:47 am
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DISH Network Director James Defranco acquired 300,000 shares at an average price of $6.00, costing around $1.8 million.
Insider purchases often indicate confidence in a company's prospects or that the stock is undervalued. In this case, the large purchase by DISH Network's Director suggests a positive outlook for the company, which could lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Huntsman Exec VP, GC and Sec David Stryker purchased 2,500 shares at an average price of $24.50, costing around $61.25 thousand.
The purchase of 2,500 shares by Huntsman's Exec VP, GC and Sec indicates confidence in the company's prospects, even though first-quarter revenues declined 27% Y/Y. This could suggest that the insider believes the stock is undervalued, potentially leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
M&T Bank Sr. EVP and CFO Daryl Bible bought 10,000 shares at an average price of $120.61, costing around $1.21 million.
The purchase of 10,000 shares by M&T Bank's Sr. EVP and CFO indicates confidence in the company's prospects, especially after reporting better-than-expected first-quarter results. This could lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100