Insiders Buying Dollar General And 2 Other Stocks
Portfolio Pulse from Lisa Levin
Insiders have recently purchased shares in Dollar General, Babcock & Wilcox Enterprises, and Universal Electronics. Dollar General reported worse-than-expected Q1 results and cut its FY23 sales growth outlook, while Babcock & Wilcox posted a wider-than-expected quarterly loss. Universal Electronics reported better-than-expected quarterly results.
June 08, 2023 | 11:53 am
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POSITIVE IMPACT
Universal Electronics Director Romulo Pontual bought 1,190 shares at an average price of $8.40, following better-than-expected quarterly results.
The insider purchase, combined with the better-than-expected quarterly results, indicates a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
Babcock & Wilcox Enterprises 10% owner Bryant Riley acquired 40,000 shares at an average price of $5.51, following a wider-than-expected quarterly loss.
The insider purchase shows confidence in the company, but the wider-than-expected quarterly loss may counteract any short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
Dollar General CEO Jeffery Owen purchased 1,500 shares at an average price of $157.86, following worse-than-expected Q1 results and a cut in FY23 sales growth outlook.
While the insider purchase indicates confidence in the company, the worse-than-expected Q1 results and reduced FY23 sales growth outlook may offset any potential short-term gains.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100