Insiders Buying BranchOut Food And 2 Other Stocks
Portfolio Pulse from Lisa Levin
Insiders at BranchOut Food Inc. (BOF), Nuvectis Pharma, Inc. (NVCT), and BBX Capital, Inc. (BBXIA) have recently made notable purchases of their companies' stocks. This could indicate their confidence in the companies' prospects or that they view the stocks as a bargain. However, insider purchases should not be the only indicator for making an investment or trading decision.
July 14, 2023 | 1:19 pm
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POSITIVE IMPACT
CEO and President Jarett Levan of BBX Capital, Inc. bought 141,577 shares at an average price of $11.20. The company posted first-quarter diluted earnings per share of $0.55.
The insider purchase, along with the positive Q1 earnings, could indicate a positive outlook for the company.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Director John Dalfonsi of BranchOut Food Inc. acquired 30,000 shares at an average price of $5.81. The company recently announced a product development program with the U.S. Army.
The insider purchase, combined with the recent announcement of a product development program, could indicate a positive outlook for the company.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
10% owner Charles Mosseri-Marlio of Nuvectis Pharma, Inc. acquired 3,285 shares at an average price of $15.09. The company recently announced FDA clearance of NXP900 IND.
The insider purchase, along with the recent FDA clearance, could suggest a positive future for the company.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100