Over $27M Bet On This Consumer Cyclical Stock? Check Out These 3 Penny Stocks Insiders Are Aggressively Buying
Portfolio Pulse from Lisa Levin
Insiders at Muscle Maker, Inc. (GRIL), RocketFuel Blockchain, Inc. (RKFL), and VBI Vaccines Inc. (VBIV) have made significant purchases of their companies' stocks. Muscle Maker's 10% owner Aggia FZ LLC acquired shares worth around $27.63 million. RocketFuel's CEO Peter M. Jensen bought 1,000 shares, and VBI Vaccines' Director Steven Gillis acquired shares worth around $1 million. These purchases indicate the insiders' confidence in their companies' prospects.
July 19, 2023 | 11:03 am
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Muscle Maker's 10% owner Aggia FZ LLC acquired shares worth around $27.63 million, indicating confidence in the company's prospects.
Insider purchases are often seen as a positive sign as they indicate the insiders' belief in the company's prospects. The significant purchase by Aggia FZ LLC could boost investor confidence and potentially lead to a short-term increase in GRIL's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
RocketFuel's CEO Peter M. Jensen bought 1,000 shares, indicating confidence in the company's prospects.
Although the number of shares purchased by RocketFuel's CEO is relatively small, it still indicates his confidence in the company's prospects. This could potentially lead to a short-term increase in RKFL's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
VBI Vaccines' Director Steven Gillis acquired shares worth around $1 million, indicating confidence in the company's prospects.
The significant purchase by VBI Vaccines' Director could boost investor confidence and potentially lead to a short-term increase in VBIV's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100