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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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
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