Innovid And 3 Other Stocks Under $2 Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders at Innovid Corp. (CTV), Vincerx Pharma, Inc. (VINC), Fuel Tech, Inc. (FTEK), and 1847 Holdings LLC (EFSH) have recently acquired shares, indicating their confidence in the companies' prospects. Innovid and Vincerx posted better-than-expected sales and narrower losses respectively, while Fuel Tech and 1847 Holdings reported wider-than-expected losses.
August 15, 2023 | 1:28 pm
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NEUTRAL IMPACT
1847 Holdings' 10% owner acquired 58,000 shares at an average price of $0.17. The company posted a wider second-quarter loss.
While insider buying indicates confidence, the wider-than-expected loss could neutralize any short-term positive impact on the stock.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 100
NEUTRAL IMPACT
Fuel Tech's President and CEO acquired 15,000 shares at an average price of $1.20. The company posted a wider-than-expected second-quarter loss.
While insider buying indicates confidence, the wider-than-expected loss could neutralize any short-term positive impact on the stock.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 100
POSITIVE IMPACT
Innovid Corp.'s Chief Commercial Officer acquired 50,000 shares at an average price of $1.09. The company posted better-than-expected quarterly sales.
Insider buying often indicates confidence in the company's prospects. The better-than-expected sales could lead to a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Vincerx Pharma's 10% owner acquired 10,500 shares at an average price of $0.95. The company posted a narrower second-quarter loss.
Insider buying and a narrower loss than expected could lead to a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100