Vivani Medical And 3 Other Stocks Under $2 Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders at four penny stocks, Vivani Medical, Inc. (VANI), MSP Recovery, Inc. (LIFW), Oxbridge Re Holdings Limited (OXBR), and Ocean Power Technologies, Inc. (OPTT), have recently made significant purchases. This could indicate their confidence in the companies' prospects despite recent losses reported by all four companies.
October 03, 2023 | 10:59 am
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POSITIVE IMPACT
Chief Legal Officer Frank C. Quesada of MSP Recovery, Inc. acquired 6,868,132 shares at an average price of $0.22. The company reported a net loss of $210.8 million for Q2 2023.
The insider purchase could indicate confidence in the company's future prospects despite the recent loss.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Director Peter E Slaiby of Ocean Power Technologies, Inc. acquired 25,000 shares at an average price of $0.39. The company posted a wider Q1 loss.
The insider purchase could indicate confidence in the company's future prospects despite the recent loss.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
CEO Sanjay Madhu of Oxbridge Re Holdings Limited acquired 50,000 shares at an average price of $1.20. The company recently posted a Q2 loss.
The insider purchase could indicate confidence in the company's future prospects despite the recent loss.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Director Gregg Williams of Vivani Medical, Inc. acquired 36,210 shares at an average price of $1.02. The company recently posted a wider-than-expected Q2 loss.
The insider purchase could indicate confidence in the company's future prospects despite the recent loss.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100