Nuvation Bio And 3 Other Stocks Under $4 Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders at four companies have recently made significant purchases of their own stocks. Eos Energy Enterprises CEO Joe Mastrangelo bought 36,500 shares at an average price of $2.05. Cadiz Inc. Executive Director Susan Kennedy acquired 15,822 shares at an average price of $3.17. Fluent, Inc. 10% owner Frost Gamma Investments Trust bought 100,000 shares at an average price of $0.46. Nuvation Bio Inc. Director Biotech Opportunity GP, LLC purchased 5,313,100 shares at an average price of $1.26.
September 22, 2023 | 12:44 pm
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NEUTRAL IMPACT
Cadiz Inc. Executive Director Susan Kennedy acquired 15,822 shares at an average price of $3.17. The company's stock lost 8% over the past month.
The insider purchase could indicate confidence in the company's future despite recent stock price decline. However, it's unclear if this will be enough to reverse the downward trend.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
Fluent, Inc. 10% owner Frost Gamma Investments Trust bought 100,000 shares at an average price of $0.46. The company recently posted downbeat quarterly sales.
The insider purchase could indicate confidence in the company's future despite disappointing quarterly sales. However, it's unclear if this will be enough to boost the stock price.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 100
POSITIVE IMPACT
Eos Energy Enterprises CEO Joe Mastrangelo bought 36,500 shares at an average price of $2.05. The company was recently selected by Dominion Energy Virginia to provide 16 MWh of storage in a pilot project.
The CEO's purchase of shares indicates confidence in the company's prospects, which could positively influence the stock price. The recent contract with Dominion Energy Virginia also suggests potential growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Nuvation Bio Inc. Director Biotech Opportunity GP, LLC purchased 5,313,100 shares at an average price of $1.26. The company recently posted a narrower-than-expected quarterly loss.
The insider's large purchase of shares indicates strong confidence in the company's prospects, which could positively influence the stock price. The better-than-expected quarterly results also suggest potential growth.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100