Around $3.5M Bet On This Healthcare Stock? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insider trading has been observed in three healthcare stocks: Impinj, Inc. (PI), 2seventy bio, Inc. (TSVT), and Healthcare Realty Trust Incorporated (HR). Impinj and Healthcare Realty Trust posted upbeat Q2 results, while 2seventy bio reported a narrower Q2 loss. The insiders' purchases may indicate confidence in the companies' prospects.
August 17, 2023 | 1:02 pm
News sentiment analysis
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POSITIVE IMPACT
Healthcare Realty Trust Director Knox John Singleton bought 31,500 shares at an average price of $17.11, costing around $538,965. The company posted upbeat Q2 sales.
The insider purchase, coupled with positive Q2 sales, indicates a positive sentiment towards the company's future, which could potentially lead to a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Impinj Director Patrick Daniel Gibson acquired 63,672 shares at an average price of $60.51, costing around $3.85 million. The company posted upbeat Q2 results.
The insider purchase, combined with positive Q2 results, indicates a strong confidence in the company's prospects, which could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
2seventy bio's 10% owner Yue Tang acquired 601,828 shares at an average price of $5.92, costing around $3.56 million. The company reported a narrower Q2 loss.
The insider purchase, along with a narrower Q2 loss, suggests a positive outlook for the company, which could potentially boost the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100