Insiders Buying Blackstone, STAAR Surgical And 2 Other Stocks
Portfolio Pulse from Lisa Levin
Insiders have recently purchased shares in STAAR Surgical Company (STAA), Blackstone Inc. (BX), Hyatt Hotels Corporation (H), and Methode Electronics, Inc. (MEI). This could indicate confidence in the companies' prospects or that the insiders view the stocks as bargains. However, insider purchases should not be the sole indicator for making investment or trading decisions.
September 25, 2023 | 12:01 pm
News sentiment analysis
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NEGATIVE IMPACT
Blackstone's director acquired 1,842 shares at an average price of $111.24. The company reported weaker-than-expected sales results for its second quarter.
Despite the insider purchase, the weaker-than-expected sales results could negatively impact the stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Hyatt Hotels' director bought 1,250 shares at an average price of $104.49. Stifel reiterated a Hold rating and lowered the price target to $115 from $119.
The insider purchase shows confidence in the company, but the lowered price target by Stifel suggests a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
STAAR Surgical's director acquired 2,500 shares at an average price of $40.00. Stifel maintained a Hold rating and lowered the price target from $45 to $40.
The insider purchase indicates confidence in the company, but the lowered price target by Stifel suggests a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Methode Electronics' director bought 1,000 shares at an average price of $22.50. The company reported a first-quarter FY24 net sales growth of 2.6% year-on-year.
The insider purchase combined with the reported sales growth could positively impact the stock in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100