Around $8M Bet On STAAR Surgical? Check Out These 4 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insider trades were noted in four US-listed companies: STAAR Surgical Company (STAA), Funko, Inc. (FNKO), Douglas Dynamics, Inc. (PLOW), and PENN Entertainment, Inc. (PENN). STAAR Surgical's 10% owner Neal Bradsher acquired 189,962 shares for around $7.87 million. Funko's 10% owner Chan Kenneth Hsiangtze acquired 69,531 shares for around $478,631. Douglas Dynamics' President and CEO Robert L McCormick bought 10,000 shares for around $307,110. PENN Entertainment's EVP and CFO Felicia Hendrix bought 11,162 shares for around $250,140.
September 08, 2023 | 6:52 am
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POSITIVE IMPACT
PENN Entertainment's EVP and CFO Felicia Hendrix bought 11,162 shares. The company reported Q2 FY23 sales growth of 2.9% YoY.
The CFO's purchase of shares could indicate confidence in the company's future performance, potentially leading to a positive impact on the stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Douglas Dynamics' President and CEO Robert L McCormick bought 10,000 shares following the company's better-than-expected Q2 financial results.
The CEO's purchase of shares following positive Q2 results could signal confidence in the company's future performance, potentially leading to a positive impact on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
STAAR Surgical's 10% owner Neal Bradsher acquired 189,962 shares, indicating confidence in the company.
Insider buying often indicates confidence in the company's prospects. This could potentially lead to a positive impact on the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Funko's 10% owner Chan Kenneth Hsiangtze acquired 69,531 shares, despite the company's recent earnings miss and weak guidance.
While insider buying can be a positive sign, Funko's recent earnings miss and weak guidance may offset any potential positive impact on the stock price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 100