CSI Compressco And 2 Other Stocks Under $2 Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders at Aspen Group, Inc. (OTC:ASPU), CSI Compressco LP (NASDAQ:CCLP), and Ocean Power Technologies, Inc. (NASDAQ:OPTT) have recently made notable purchases of their companies' stocks. Aspen Group recently closed a $12.4 million private placement, CSI Compressco posted a narrower Q2 loss, and Ocean Power Techs posted a wider Q1 loss.
September 21, 2023 | 1:30 pm
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NEUTRAL IMPACT
Ocean Power Technologies' Senior VP and CFO acquired 12,345 shares at an average price of $0.40. The company posted a wider Q1 loss.
Despite the wider Q1 loss, the insider purchase could indicate confidence in the company's future prospects. However, the impact on the short-term stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 100
POSITIVE IMPACT
Aspen Group's director acquired 75,000 shares at an average price of $0.14. The company recently closed a $12.4 million private placement.
The insider purchase, combined with the recent private placement, could indicate a positive outlook for the company, potentially leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
CSI Compressco's director acquired 11,000 shares at an average price of $1.19. The company posted a narrower Q2 loss.
The insider purchase, along with the improved Q2 results, could signal a positive outlook for the company, potentially leading to a short-term increase in the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100