Insiders Buying LifeVantage, Motorcar Parts of America And 2 Other Stocks
Portfolio Pulse from Lisa Levin
Insiders have recently purchased shares in four companies: Motorcar Parts of America, LifeVantage, Tilly's, and Medalist Diversified REIT. 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 27, 2023 | 10:32 am
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POSITIVE IMPACT
Director Darwin Lewis of LifeVantage purchased 4,124 shares at an average price of $6.94. The company recently adopted a limited duration stockholder rights plan.
The insider purchase could indicate confidence in the company's future prospects following the adoption of the stockholder rights plan.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
CEO and President Francis P. Kavanaugh of Medalist Diversified REIT purchased 2,500 shares at an average price of $23.28. The company's stock fell 26% over the past six months.
The insider purchase could indicate confidence in the company's future prospects despite the recent stock price fall.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Director David Bryan of Motorcar Parts of America purchased 1,000 shares at an average price of $7.70. The company recently posted weaker-than-expected Q1 earnings.
The insider purchase could indicate confidence in the company's future prospects despite the recent weak earnings report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
10% owner Pleasant Lake Partners LLC of Tilly's purchased 21,520 shares at an average price of $7.78. The company recently posted a narrower-than-expected quarterly loss.
The insider purchase could indicate confidence in the company's future prospects following the narrower-than-expected quarterly loss.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100