Nerdy Inc. shares are trading higher after Raymond James reinstated coverage on the stock with an Outperform rating. The company's CEO also recently disclosed stock purchases.
Portfolio Pulse from Benzinga Newsdesk
Raymond James has reinstated coverage on Nerdy Inc. with an Outperform rating, leading to a rise in the company's stock. The CEO of Nerdy Inc. has also recently disclosed stock purchases.
August 28, 2023 | 2:24 pm
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Nerdy Inc.'s stock is trading higher after Raymond James reinstated coverage with an Outperform rating and the CEO disclosed stock purchases.
The reinstatement of coverage by Raymond James with an Outperform rating is a positive signal for investors, indicating that the stock is expected to do better than the market average. This, coupled with the CEO's recent stock purchases, which shows confidence in the company's prospects, has led to a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100