Ocugen And 2 Other Stocks Under $2 Insiders Are Aggressively Buying
Portfolio Pulse from Lisa Levin
Insiders have been aggressively buying shares of Ocugen, Flotek Industries, and Crexendo. This indicates their confidence in the companies' prospects. Ocugen recently announced a $16.5 million public offering, Flotek promoted its President to CEO, and Crexendo posted positive quarterly results.
June 20, 2023 | 12:39 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Crexendo's director acquired 43,700 shares at $1.87 each. The company posted positive quarterly results.
The insider's purchase of shares indicates confidence in the company's performance. The positive quarterly results could attract more investors, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Flotek Industries' director acquired 172,447 shares at $0.79 each. The company promoted its President, Ryan Ezell, to CEO.
The insider's purchase of shares indicates confidence in the company's future. The promotion of the President to CEO could signal a positive change in leadership and strategy, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Ocugen's director acquired 200,278 shares at $0.50 each. The company announced a $16.5 million public offering of 30 million shares.
The insider's purchase of a significant number of shares indicates confidence in the company's prospects. The public offering could provide additional capital for growth and development, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100