More Than $2M Bet On Red Robin Gourmet Burgers? Check Out These 4 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders at Asana, Inc. (ASAN), Impinj, Inc. (PI), Wolfspeed, Inc. (WOLF), and Red Robin Gourmet Burgers, Inc. (RRGB) have recently made significant purchases of their companies' stocks. This could indicate their confidence in the companies' prospects. Asana announced new product capabilities, Impinj posted upbeat Q2 results, Wolfspeed reported mixed Q4 results and issued Q1 EPS guidance below estimates, and Red Robin reported a narrower-than-expected Q2 loss.
August 25, 2023 | 11:39 am
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NEUTRAL IMPACT
Wolfspeed's Director bought 5,000 shares at an average price of $47.01, costing around $235,068. The company reported mixed Q4 results and issued Q1 EPS guidance below estimates.
The Director's purchase of shares, despite mixed Q4 results and lower Q1 EPS guidance, could indicate a neutral outlook for the company.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Asana's CEO acquired 160,000 shares at an average price of $21.74, costing around $3.48 million. The company announced new product capabilities.
The CEO's significant purchase of shares, combined with the announcement of new product capabilities, could indicate a positive outlook for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Impinj's Director acquired 74,771 shares at an average price of $59.49, costing around $4.45 million. The company posted upbeat Q2 results.
The Director's significant purchase of shares, combined with the company's positive Q2 results, could indicate a positive outlook for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Red Robin's 10% owner and CEO bought a total of 237,536 shares at an average price of $10.46, costing around $2.48 million. The company reported a narrower-than-expected Q2 loss.
The significant purchase of shares by the 10% owner and CEO, combined with the company's better-than-expected Q2 results, could indicate a positive outlook for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100