Over $59M Bet On This Communication Services Stock? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insider trades were noted in three US stocks: MediaAlpha, Inc. (MAX), Arcus Biosciences, Inc. (RCUS), and Asana, Inc. (ASAN). MediaAlpha's 10% owner WM Hinson Bermuda Ltd acquired 5,916,816 shares at an average price of $10.00, costing around $59.17 million. Arcus Biosciences' 10% owner Gilead Sciences Inc Pierce Norton acquired 1,010,000 shares at an average price of $19.26, costing around $19.45 million. Asana's President, CEO and Chairman Dustin Moskovitz bought 160,000 shares at an average price of $22.57, costing around $3.61 million.
July 03, 2023 | 1:23 pm
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POSITIVE IMPACT
Asana's President, CEO and Chairman Dustin Moskovitz bought 160,000 shares at an average price of $22.57, costing around $3.61 million.
The CEO's purchase of a significant number of shares indicates a strong belief in the company's prospects, which could potentially lead to a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
MediaAlpha's 10% owner WM Hinson Bermuda Ltd acquired 5,916,816 shares at an average price of $10.00, costing around $59.17 million.
The acquisition of a significant number of shares by a 10% owner indicates strong confidence in the company's prospects, which could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Arcus Biosciences' 10% owner Gilead Sciences Inc Pierce Norton acquired 1,010,000 shares at an average price of $19.26, costing around $19.45 million.
The purchase of a substantial number of shares by a 10% owner suggests a high level of confidence in the company's future, which could potentially lead to a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100