$1M Bet On Verrica Pharmaceuticals? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insider trading has been observed in three US-listed companies: Verrica Pharmaceuticals Inc. (NASDAQ:VRCA), FB Financial Corporation (NYSE:FBK), and Sound Financial Bancorp, Inc. (NASDAQ:SFBC). Verrica Pharmaceuticals' Director Paul Manning acquired 200,000 shares, costing around $1 million, following the company's announcement of a non-binding term sheet for up to $125 million debt financing. FB Financial's 10% owner James Ayers acquired 12,000 shares after the company reported better-than-expected Q2 EPS results. Sound Financial Bancorp's 10% owner Stilwell Partners L P bought 2,500 shares, following the company's statement that a vendor incident is not expected to have a material adverse effect on its business.
July 25, 2023 | 11:48 am
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POSITIVE IMPACT
FB Financial's 10% owner James Ayers acquired 12,000 shares after the company reported better-than-expected Q2 EPS results.
The insider purchase by the 10% owner indicates confidence in the company's financial performance, potentially leading to a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Sound Financial Bancorp's 10% owner Stilwell Partners L P bought 2,500 shares, following the company's statement that a vendor incident is not expected to have a material adverse effect on its business.
The insider purchase by the 10% owner indicates confidence in the company's resilience, potentially leading to a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Verrica Pharmaceuticals' Director Paul Manning acquired 200,000 shares following the company's announcement of a non-binding term sheet for up to $125 million debt financing.
The insider purchase by the Director indicates confidence in the company's prospects, potentially leading to a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100