$16M Bet On This Biotechnology Stock? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insider trades were noted in Mercury Systems, Inc. (MRCY), AN2 Therapeutics, Inc. (ANTX), and B. Riley Financial, Inc. (RILY). MRCY's 10% owner Jana Partners LLC acquired 50,000 shares at an average price of $38.05, costing around $1.9 million. ANTX's 10% owner Rajeev Shah acquired 1,777,778 shares at an average price of $9.00, costing around $16 million. RILY's Chairman and Co-CEO Bryant R Riley bought 25,000 shares at an average price of $47.31, costing around $1.18 million.
August 23, 2023 | 11:58 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Rajeev Shah, a 10% owner of AN2 Therapeutics, Inc., acquired 1,777,778 shares at an average price of $9.00, costing around $16 million.
Insider purchases often indicate confidence in the company's prospects. This could potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Jana Partners LLC, a 10% owner of Mercury Systems, Inc., acquired 50,000 shares at an average price of $38.05, costing around $1.9 million.
Insider purchases often indicate confidence in the company's prospects. This could potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Bryant R Riley, Chairman and Co-CEO of B. Riley Financial, Inc., bought 25,000 shares at an average price of $47.31, costing around $1.18 million.
Insider purchases often indicate confidence in the company's prospects. This could potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100