Around $4M Bet On This Healthcare Stock? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insider trading has been observed in three US-listed companies: Impinj, Inc. (NASDAQ:PI), Energy Transfer LP (NYSE:ET), and Mirum Pharmaceuticals, Inc. (NASDAQ:MIRM). Impinj's director acquired 79,370 shares for around $5.25 million following upbeat Q2 results. Energy Transfer's Co-CEO bought 50,000 shares for approximately $682,000 after the company announced a merger agreement with Crestwood Equity Partners LP. Mirum Pharmaceuticals' director purchased 147,991 shares for around $3.88 million despite the company posting a wider-than-expected quarterly loss.
September 06, 2023 | 10:48 am
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POSITIVE IMPACT
Energy Transfer's Co-CEO bought 50,000 shares after the company announced a merger agreement with Crestwood Equity Partners LP.
The Co-CEO's purchase of shares following the announcement of a merger agreement signals confidence in the company's future prospects. This could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Impinj's director acquired 79,370 shares following upbeat Q2 results, indicating confidence in the company's prospects.
The director's purchase of a significant number of shares following positive Q2 results indicates a strong belief in the company's future performance. This could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Mirum Pharmaceuticals' director purchased 147,991 shares despite the company posting a wider-than-expected quarterly loss.
Despite the company's wider-than-expected quarterly loss, the director's purchase of a significant number of shares could indicate a belief in the company's long-term prospects. However, the recent negative earnings report may offset any short-term positive impact on the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100