Clene And 2 Other Stocks Under $3 Insiders Are Aggressively Buying
Portfolio Pulse from Lisa Levin
Insiders at Rekor Systems, NetSol Technologies, and Clene Inc. have been aggressively buying shares, indicating their confidence in the companies' prospects. Rekor Systems reported worse-than-expected Q1 results, while NetSol Technologies posted a Q3 profit. Clene announced the publication of Phase 2 clinical data for the treatment of ALS.
June 28, 2023 | 11:15 am
News sentiment analysis
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POSITIVE IMPACT
Clene Inc.'s 10% owner Henry John Stevens and the company’s CEO acquired a total of 341,455 shares at an average price of $0.80, following the announcement of Phase 2 clinical data for the treatment of ALS.
The insider buying at Clene Inc., following the announcement of promising clinical data, indicates confidence in the company's future prospects, which could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
NetSol Technologies' President Naeem Ghauri acquired 16,008 shares at an average price of $2.19, following the company's Q3 profit announcement.
The insider buying at NetSol Technologies, following a profitable quarter, indicates confidence in the company's financial health and future prospects, which could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Rekor Systems' 10% owner Arctis Global LLC acquired 1,923,000 shares at an average price of $1.31, despite the company reporting worse-than-expected Q1 results.
The insider buying at Rekor Systems, despite worse-than-expected Q1 results, indicates a strong belief in the company's future prospects, which could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100