Over $11M Bet On STAAR Surgical? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insider trades were noted in three US-listed companies: Riley Exploration Permian, Inc. (REPX), HighPeak Energy, Inc. (HPK), and STAAR Surgical Company (STAA). REPX's 10% owner Balmon California Inc acquired 100,000 shares for around $3.02 million, following the company's downbeat quarterly earnings. HPK's CEO Jack Hightower and the company's President bought a total of 500,000 shares for around $8.28 million, as the company reported steady third-quarter production. STAA's 10% owner Neal Bradsher bought 291,383 shares for around $11.69 million, after the company's second-quarter sales missed consensus estimates.
September 22, 2023 | 10:21 am
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NEUTRAL IMPACT
Riley Exploration Permian's 10% owner acquired 100,000 shares following downbeat quarterly earnings.
Insider buying can be a positive signal for investors, but the company's downbeat earnings may offset this optimism.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
STAAR Surgical's 10% owner bought 291,383 shares after the company's second-quarter sales missed consensus estimates.
While insider buying can be a positive signal, the missed sales estimates may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
HighPeak Energy's CEO and President acquired a total of 500,000 shares as the company reported steady third-quarter production.
The insider buying, combined with steady production, could be a positive signal for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100