Insiders Buying Culp And 2 Other Stocks
Portfolio Pulse from Lisa Levin
Insiders have recently purchased shares in Culp Inc. (CULP), PIMCO Energy and Tactical Credit Opportunities Fund (NRGX), and ClearBridge Energy Midstream Opportunity Fund Inc (EMO). This could indicate confidence in the companies' prospects or that the insiders view the stocks as bargains. However, insider purchases should not be the sole indicator for making investment or trading decisions.
July 12, 2023 | 1:20 pm
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Director Kimberly Gatling of Culp Inc. acquired 2,666 shares at an average price of $5.15. The company recently reported better-than-expected Q4 financial results.
Insider buying often indicates confidence in a company's prospects. Coupled with the recent strong Q4 results, this could potentially lead to a short-term positive impact on CULP's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Boaz Weinstein, a 10% owner of ClearBridge Energy Midstream Opportunity Fund Inc, bought 12,958 shares at an average price of $30.12. The fund recently reported unaudited balance sheet information as of June 30, 2023.
Insider buying could indicate confidence in the fund's prospects, potentially leading to a short-term positive impact on EMO's stock price.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 100
POSITIVE IMPACT
Rainey Lancaster, a 10% owner of PIMCO Energy and Tactical Credit Opportunities Fund, acquired 25,361 shares at an average price of $14.82. The fund's Board of Trustees recently declared a quarterly distribution for the common shares.
Insider buying and the recent declaration of a quarterly distribution could signal a positive short-term impact on NRGX's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100