Ocean Power Technologies And 3 Other Stocks Under $1 Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders at four penny stocks, SpringBig Holdings (OTC:SBIG), Ocean Power Technologies (NYSE:OPTT), Cingulate Inc. (NASDAQ:CING), and Vivani Medical (NASDAQ:VANI), have recently made notable purchases. This could indicate their confidence in the companies' prospects despite recent downbeat quarterly results and wider losses.
September 19, 2023 | 12:49 pm
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Corporate Controller Jennifer L Callahan of Cingulate Inc. acquired 5,000 shares at an average price of $0.67, despite the company pricing its $4-million public offering at around 58 cents per share.
The insider purchase could indicate confidence in the company's future prospects despite recent poor performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
President and CEO Philipp Stratmann of Ocean Power Technologies acquired 12,115 shares at an average price of $0.41, despite the company posting a wider first-quarter loss.
The insider purchase could indicate confidence in the company's future prospects despite recent poor performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
CFO Paul Sykes of SpringBig Holdings acquired 28,607 shares at an average price of $0.16, despite the company posting downbeat quarterly results.
The insider purchase could indicate confidence in the company's future prospects despite recent poor performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Director Gregg Williams of Vivani Medical acquired 101,779 shares at an average price of $0.96, despite the company posting a wider-than-expected quarterly loss.
The insider purchase could indicate confidence in the company's future prospects despite recent poor performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100