Martin Midstream Partners And 3 Other Stocks Under $5 Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders at four companies have recently made significant purchases of their own stocks. These include Barnwell Industries (BRN), Cadrenal Therapeutics (CVKD), BrightRock Gold (BRGC), and Martin Midstream Partners (MMLP). The purchases indicate the insiders' confidence in their companies' prospects.
September 06, 2023 | 1:25 pm
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POSITIVE IMPACT
BrightRock Gold's Chairman/CEO acquired 52,590 shares at an average price of $0.41. The company recently announced a significant spodumene deposit discovery.
The insider purchase and the significant discovery announcement could indicate positive future prospects and potentially drive the stock price up.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Cadrenal Therapeutics' Chairman and CEO acquired 70,000 shares at an average price of $0.91. The company recently highlighted the need for a new vitamin k antagonist.
The insider purchase, combined with the company's focus on a new therapy, could indicate positive future prospects and potentially drive the stock price up.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Barnwell Industries' 10% owner acquired 99,426 shares at an average price of $2.60. The company recently reported a net loss.
The insider purchase indicates confidence in the company's future despite the recent net loss. However, the impact on the stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Martin Midstream Partners' Director acquired 71,120 shares at an average price of $2.97. The company recently posted a decline in second-quarter EPS.
The insider purchase indicates confidence in the company's future despite the recent EPS decline. However, the impact on the stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100