Over $15M Bet On Impinj? Check Out These 4 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders at four companies, MarketAxess Holdings Inc. (MKTX), Evolus, Inc. (EOLS), Impinj, Inc. (PI), and Ryerson Holding Corporation (RYI), have made notable purchases of their companies' stocks. This could indicate their confidence in the companies' prospects or that they view the stocks as a bargain. However, insider purchases should not be the only indicator for making an investment or trading decision.
August 16, 2023 | 11:03 am
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NEUTRAL IMPACT
Evolus, Inc.'s Director acquired 197,965 shares at an average price of $7.41, costing around $1.3 million. The company reported a wider-than-expected second-quarter loss.
Despite the company's wider-than-expected Q2 loss, the Director's purchase of shares could indicate an internal confidence in the company's future performance. The impact on the stock price in the short term is uncertain.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Ryerson Holding Corporation's Director bought 5,000 shares at an average price of $29.55, costing around $147,749. The company reported worse-than-expected second-quarter financial results.
Despite the company's worse-than-expected Q2 results, the Director's purchase of shares could indicate an internal confidence in the company's future performance. The impact on the stock price in the short term is uncertain.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
MarketAxess Holdings Inc.'s CEO acquired 4,270 shares at an average price of $238.42, costing around $1.02 million. The company recently inked a deal to acquire Pragma for an undisclosed amount.
The CEO's purchase of shares, combined with the recent acquisition deal, could indicate a positive outlook for the company, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Impinj, Inc.'s Director bought 263,740 shares at an average price of $58.26, costing around $15.37 million. The company posted upbeat second-quarter results.
The Director's significant purchase of shares, along with the company's positive Q2 results, could indicate a positive outlook for the company, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100