Citizens And 2 Other Penny Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders at Citizens, Inc. (NYSE:CIA), Rapid Micro Biosystems, Inc. (NASDAQ:RPID), and Advantage Solutions Inc. (NASDAQ:ADV) have recently acquired shares in their respective companies. Citizens' net income increased to $6.1 million in Q2, Rapid Micro Biosystems reported a narrower-than-expected Q2 loss, while Advantage Solutions posted a Q2 loss.
August 11, 2023 | 7:10 am
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POSITIVE IMPACT
Citizens, Inc. Director Keith James Morgan acquired 15,000 shares at an average price of $2.90. The company reported an increase in net income to $6.1 million in Q2.
The insider purchase at Citizens, Inc. indicates confidence in the company's prospects, especially given the reported increase in net income. This could potentially lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Rapid Micro Biosystems, Inc. President and CEO Robert G. Spignesi, Jr. acquired 34,000 shares at an average price of $0.92. The company reported a narrower-than-expected Q2 loss.
The insider purchase at Rapid Micro Biosystems, coupled with the company's narrower-than-expected Q2 loss, suggests a positive outlook. This could potentially have a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Advantage Solutions Inc. CEO David Peacock acquired 50,000 shares at an average price of $2.65. The company posted a Q2 loss.
Despite the Q2 loss reported by Advantage Solutions, the CEO's purchase of 50,000 shares could indicate an optimistic future outlook. However, the recent loss may neutralize any short-term positive impact on the stock price.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 100