Kingstone Companies And 3 Other Stocks Under $2 Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders at four companies have recently made notable purchases of their own stocks. The CEO of 1847 Holdings (NYSE:EFSH) bought 75,000 shares, a 10% owner of Nanophase Technologies (OTC:NANX) acquired 85,847 shares, the COO of Kingstone Companies (NASDAQ:KINS) purchased 3,072 shares, and a director at Biodesix (NASDAQ:BDSX) bought 128,363 shares. These transactions may indicate the insiders' confidence in their companies' prospects.
August 24, 2023 | 12:53 pm
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NEUTRAL IMPACT
1847 Holdings CEO bought 75,000 shares at an average price of $0.13. The company reported a YoY decrease in Q2 EPS results.
The CEO's purchase indicates confidence in the company despite the decrease in Q2 EPS results. However, the impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Kingstone Companies COO bought 3,072 shares at an average price of $1.70. The company posted a wider-than-expected quarterly loss.
The COO's purchase shows confidence in the company despite the wider-than-expected quarterly loss. The impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
A director at Biodesix bought 128,363 shares at an average price of $1.69. The company posted better-than-expected quarterly results.
The insider purchase, along with the better-than-expected quarterly results, could have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
A 10% owner of Nanophase Technologies bought 85,847 shares at an average price of $0.92. The company reported an increase in Q2 sales.
The insider purchase, combined with the reported increase in Q2 sales, could have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100