Insiders Buying Lions Gate Entertainment And 2 Other Stocks
Portfolio Pulse from Lisa Levin
Insiders at Lions Gate Entertainment Corp. (LGF-B), Asana, Inc. (ASAN), and Calavo Growers, Inc. (CVGW) have recently made notable purchases of their companies' stocks. This could indicate their confidence in the companies' prospects. However, insider purchases should not be the sole indicator for making investment decisions.
July 18, 2023 | 12:59 pm
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President, CEO and Chairman Dustin Moskovitz of Asana, Inc. acquired 80,000 shares at an average price of $23.90, costing around $1.91 million.
The insider purchase by the CEO indicates a strong belief in the company's prospects, which could potentially drive the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Director Steve Hollister of Calavo Growers, Inc. bought 2,000 shares at an average price of $30.59, costing around $61,180.
The insider purchase by the director indicates a strong belief in the company's prospects, despite recent worse-than-expected financial results, which could potentially drive the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Director John D. Harkey Jr. of Lions Gate Entertainment Corp. acquired 100,000 shares at an average price of $8.52, costing around $852,000.
The insider purchase by the director indicates a strong belief in the company's prospects, which could potentially drive the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100