Insiders Buying Steel Connect And 2 Other Stocks
Portfolio Pulse from Lisa Levin
Insider trading has been observed in three US-listed companies: Steel Connect, Inc. (STCN), Nuvectis Pharma, Inc. (NVCT), and MillerKnoll, Inc. (MLKN). Insiders at these companies have been buying shares, indicating their confidence in the companies' prospects. Steel Connect posted a profit for Q3, Nuvectis Pharma announced FDA clearance of NXP900 IND, and MillerKnoll reported better-than-expected Q4 financial results and issued guidance.
July 21, 2023 | 12:39 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Director Michael A Volkema and other Directors bought shares of MillerKnoll, Inc. (MLKN). The company reported better-than-expected Q4 financial results and issued guidance.
The insider purchases by Directors, along with the company's positive Q4 results and guidance, suggest a positive short-term impact on MLKN's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
10% owner Charles Mosseri-Marlio and the company’s Director, Chairman & CEO acquired shares of Nuvectis Pharma, Inc. (NVCT). The company recently announced the FDA clearance of NXP900 IND.
The insider purchases by key stakeholders, along with the recent FDA clearance of NXP900 IND, suggest a positive short-term impact on NVCT's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
10% owner WF Asset Corp. acquired 11,187 shares of Steel Connect, Inc. (STCN) at an average price of $8.57. The company recently posted a profit for Q3.
Insider trading often indicates confidence in a company's prospects. The recent purchase by WF Asset Corp., coupled with the company's Q3 profit, suggests a positive short-term impact on STCN's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100