$1.5M Bet On Domo? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insider trades were noted in Inhibrx, Inc. (NASDAQ:INBX), Domo, Inc. (NASDAQ:DOMO), and Westrock Coffee Company (NASDAQ:WEST). Inhibrx saw an acquisition of 511,627 shares at an average price of $19.35, following a $200 million private placement financing announcement. Domo's Director acquired 137,000 shares at an average price of $10.94, after the company achieved the Google Cloud Ready - BigQuery designation. Westrock Coffee's Group President bought 12,500 shares at an average price of $10.04, following downbeat quarterly results.
August 31, 2023 | 11:58 am
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NEUTRAL IMPACT
Westrock Coffee's Group President bought 12,500 shares following downbeat quarterly results.
The insider acquisition may indicate a belief that the stock is undervalued following poor quarterly results, but it's unclear if this will have a positive short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Domo's Director acquired 137,000 shares after the company achieved the Google Cloud Ready - BigQuery designation.
The insider acquisition suggests confidence in the company's future, potentially leading to a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Inhibrx saw an insider acquisition of 511,627 shares following a $200 million private placement financing announcement.
The insider acquisition indicates confidence in the company's prospects, potentially leading to a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100