$2.8M Bet On This Tech Stock? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders at Impinj, Inc. (PI), Funko, Inc. (FNKO), and Energy Transfer LP (ET) have recently made notable purchases of their companies' stocks. Impinj's Director acquired shares worth $2.82 million following upbeat Q2 results. Funko's 10% owner bought shares worth $442,665 despite a Q2 earnings miss and weak guidance. Energy Transfer's EVP bought shares worth $130,000 after the company announced a merger agreement to acquire Crestwood Equity Partners.
August 24, 2023 | 11:20 am
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NEUTRAL IMPACT
Despite a Q2 earnings miss and weak guidance, Funko's 10% owner made a notable purchase of the company's stock.
The insider purchase at Funko, despite negative Q2 results, could indicate a belief in the company's long-term prospects. However, the recent earnings miss and weak guidance might keep the stock price neutral in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Energy Transfer's EVP bought shares of the company following the announcement of a merger agreement to acquire Crestwood Equity Partners.
The insider purchase at Energy Transfer, especially after the announcement of a merger agreement, could indicate a strong belief in the company's future performance. This could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Impinj's Director made a significant purchase of the company's stock following upbeat Q2 results.
The insider purchase at Impinj, especially after positive Q2 results, could indicate a strong belief in the company's future performance. This could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100