$10M Bet On Madison Square Garden Entertainment? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insider trades were noted in Madison Square Garden Entertainment Corp. (MSGE), RumbleON, Inc. (RMBL), and The Howard Hughes Corporation (HHC). MSGE Director Thomas C. Dolan acquired 322,580 shares at an average price of $31.00, costing around $10 million. RMBL's 10% owner SH Capital Partners LP acquired 200,000 shares at an average price of $10.90, costing around $2.18 million. HHC Director William Ackman bought 18,446 shares at an average price of $74.92, costing around $1.38 billion.
June 28, 2023 | 12:51 pm
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POSITIVE IMPACT
Director William Ackman bought 18,446 shares of HHC, indicating confidence in the company.
The purchase by the director, especially after a narrower-than-expected quarterly loss, could signal a positive outlook for HHC.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Director Thomas C. Dolan acquired 322,580 shares of MSGE, indicating confidence in the company.
Insider purchases often indicate confidence in the company's prospects. This large purchase by the director could signal a positive outlook for MSGE.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
SH Capital Partners LP, a 10% owner of RMBL, acquired 200,000 shares.
Despite the CEO's resignation and investigation into his use of company resources, the purchase by a major owner suggests confidence in RMBL's future.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100