Around $19M Bet On Westrock Coffee? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insider trades were noted in Westrock Coffee Company (NASDAQ:WEST), Ambrx Biopharma Inc. (NASDAQ:AMAM), and Frontier Communications Parent, Inc. (NASDAQ:FYBR). Westrock's Director acquired shares worth around $18.77 million, despite the company posting downbeat Q2 results. Ambrx's 10% owner acquired shares worth around $19.63 million, following Cantor Fitzgerald's reiteration of an Overweight rating and a $25 price target. Ares Partners Holdco LLC, a 10% owner of Frontier Communications, bought shares worth around $1.48 million, even as JP Morgan lowered the price target from $35 to $33.
September 20, 2023 | 11:50 am
News sentiment analysis
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POSITIVE IMPACT
Ambrx Biopharma's 10% owner made a significant purchase of shares following an Overweight rating and a $25 price target from Cantor Fitzgerald.
The insider purchase, coupled with the positive analyst rating, indicates strong confidence in the company's prospects. This could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ares Partners Holdco LLC, a 10% owner of Frontier Communications, bought shares worth around $1.48 million, even as JP Morgan lowered the price target.
The insider purchase indicates confidence in the company's prospects despite the lowered price target. This could potentially drive the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Westrock Coffee's Director made a significant purchase of shares despite downbeat Q2 results.
The insider purchase indicates confidence in the company's prospects despite recent poor performance. This could potentially drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100