$4M Bet On B. Riley Financial? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders at B. Riley Financial, Friedman Industries, and Asana have recently made notable purchases of their companies' stocks. B. Riley Financial's Chairman and Co-CEO acquired shares worth around $4 million, while a director at Friedman Industries bought shares worth around $81,600. Asana's President, CEO, and Chair bought shares worth around $3.55 million.
July 27, 2023 | 11:21 am
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POSITIVE IMPACT
Asana's President, CEO, and Chair purchased 160,000 shares at an average price of $22.20, costing around $3.55 million.
The significant purchase by Asana's top executives could indicate a positive outlook for the company, especially given the company's better-than-expected first-quarter financial results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Friedman Industries' Director purchased 5,000 shares at an average price of $16.32, costing around $81,600.
The purchase by Friedman Industries' Director could indicate a positive outlook for the company, especially given the recent increase in the company's fourth-quarter EPS and revenues.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
B. Riley Financial's Chairman and Co-CEO purchased 72,727 shares at an average price of $55.00, costing around $4 million.
Insider purchases often signal confidence in a company's prospects. The significant purchase by B. Riley Financial's Chairman and Co-CEO could indicate a positive outlook for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100