Over $1M Bet On NiSource? Check Out These 4 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders at NiSource Inc., Forward Air Corporation, Commerce Bancshares, Inc., and Funko, Inc. have recently made notable purchases of their companies' stocks. NiSource's CEO acquired shares worth around $1.06 million, despite the company posting weaker-than-expected quarterly earnings. Forward Air's COO bought shares as ClearBridge Investments urged the company to reconsider its intention to buy Omni Logistics. Commerce Bancshares' Director bought shares following the company's upbeat quarterly results. Funko's 10% owner bought shares after the company reported a second-quarter earnings miss and issued weak guidance.
August 28, 2023 | 11:49 am
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POSITIVE IMPACT
Commerce Bancshares' Director bought shares following the company's upbeat quarterly results.
The Director's purchase of shares following positive quarterly results could indicate confidence in the company's continued strong performance. This could potentially lead to a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Funko's 10% owner bought shares after the company reported a second-quarter earnings miss and issued weak guidance.
The 10% owner's purchase of shares, despite weak earnings and guidance, could indicate confidence in the company's future prospects. This could potentially lead to a positive short-term impact on the stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Forward Air's COO bought shares as ClearBridge Investments urged the company to reconsider its intention to buy Omni Logistics.
The COO's purchase of shares, despite external pressure to reconsider a major business decision, could indicate confidence in the company's strategic direction. This could potentially lead to a positive short-term impact on the stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
NiSource Inc.'s CEO bought shares worth around $1.06 million, despite weaker-than-expected quarterly earnings.
The CEO's purchase of a significant amount of shares, despite weak earnings, could indicate confidence in the company's future prospects. This could potentially lead to a positive short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100