$12M Bet On This Trucking Stock? Check Out These 3 Penny Stocks Insiders Are Aggressively Buying
Portfolio Pulse from Lisa Levin
Insiders at aTyr Pharma, Yellow Corporation, and Eos Energy Enterprises have recently made significant purchases of their companies' stocks. aTyr Pharma's CEO acquired 15,000 shares, Yellow Corporation's 10% owner bought 9,295,852 shares, and a director at Eos Energy Enterprises purchased 5,000 shares. Piper Sandler has maintained an Overweight rating on aTyr Pharma and raised the price target from $13 to $20. Yellow Corporation has reportedly terminated its operations due to debt and issues with the Teamsters Union. Eos Energy Enterprises projects to record revenue of $0.2 million for the quarter ended June 30, 2023.
August 04, 2023 | 11:16 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Yellow Corporation's 10% owner has purchased 9,295,852 shares. The company has reportedly terminated its operations due to debt and issues with the Teamsters Union.
While insider buying is generally a positive sign, the termination of operations due to debt and union issues is a major concern for the company's future.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
A director at Eos Energy Enterprises has purchased 5,000 shares. The company projects to record revenue of $0.2 million for the quarter ended June 30, 2023.
Insider buying is a positive sign, but the projected revenue is relatively low, indicating potential growth challenges.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
aTyr Pharma's CEO has purchased 15,000 shares and Piper Sandler has maintained an Overweight rating on the company and raised the price target from $13 to $20.
Insider buying and positive analyst rating are typically bullish signals for a stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100