$1.5M Bet On This Consumer Defensive Stock? Check Out These 4 Penny Stocks Insiders Are Aggressively Buying
Portfolio Pulse from Lisa Levin
Insiders have recently made notable purchases in penny stocks Whole Earth Brands, Flotek Industries, Rubicon Technologies, and Heliogen. These transactions may indicate confidence in the companies' prospects.
June 22, 2023 | 1:17 pm
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POSITIVE IMPACT
Sababa Holdings Free LLC, a 10% owner of Whole Earth Brands, acquired 488,923 shares at an average price of $3.00, totaling $1.47 million.
The acquisition of a significant number of shares by a 10% owner indicates confidence in the company's prospects, which could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Flotek Industries Director Matt Wilks acquired 54,539 shares at an average price of $0.78, spending around $42.54 thousand.
The purchase of shares by a company director indicates confidence in the company's prospects, which could positively impact the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Heliogen 10% owner Patrick Soonshiong acquired 366,659 shares at an average price of $0.23, spending $85.39 thousand.
The purchase of shares by a 10% owner indicates confidence in the company's prospects, which could positively impact the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Rubicon Technologies 10% owner Jose Miguel Enrich acquired 240,154 shares at an average price of $0.42, spending around $100 thousand.
The acquisition of shares by a 10% owner indicates confidence in the company's prospects, which could positively impact the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 100