$49M Bet On Exxon Mobil? Check Out These 4 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders at CNA Financial Corporation, Tidewater Inc., Exxon Mobil Corporation, and Harley-Davidson, Inc. have recently made significant stock purchases. CNA Financial's 10% owner Loews Corp acquired 4,456,050 shares for around $175.08 million, following the company's downbeat quarterly earnings. Tidewater's Director Robert Robotti bought 117,698 shares for around $7.33 million, ahead of the company's expected Q2 earnings release. Exxon Mobil's Director Jeffrey W Ubben purchased 458,000 shares for around $48.97 million, after the company reported Q2 revenues of $82.91 billion, beating consensus. Harley-Davidson's Director Rafeh Masood bought 1,302 shares for around $49,997, following the company's Q2 sales decline of 4% Y/Y to $1.20 billion.
August 04, 2023 | 12:59 pm
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Loews Corp, a 10% owner of CNA Financial, acquired 4,456,050 shares for around $175.08 million, following the company's downbeat quarterly earnings.
The significant purchase by a major owner following downbeat earnings could signal confidence in the company's future prospects, potentially leading to a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Harley-Davidson's Director Rafeh Masood bought 1,302 shares for around $49,997, following the company's Q2 sales decline of 4% Y/Y to $1.20 billion.
The insider purchase following a sales decline could signal confidence in the company's future prospects, potentially leading to a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Tidewater's Director Robert Robotti bought 117,698 shares for around $7.33 million, ahead of the company's expected Q2 earnings release.
The insider purchase ahead of the company's earnings release could indicate confidence in the upcoming results, potentially leading to a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Exxon Mobil's Director Jeffrey W Ubben purchased 458,000 shares for around $48.97 million, after the company reported Q2 revenues of $82.91 billion, beating consensus.
The insider purchase following a strong earnings report could signal confidence in the company's future prospects, potentially leading to a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100