Over $8M Bet On Howard Hughes? Check Out These 4 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders at STAAR Surgical Company (STAA), Howard Hughes Holdings Inc (HHH), Citi Trends, Inc. (CTRN), and Coty Inc. (COTY) have recently made significant purchases of their companies' stocks. STAAR Surgical posted better-than-expected Q2 earnings, Howard Hughes announced a spinoff of a new division, Citi Trends reported a decrease in Q2 FY23 sales but beat analyst estimates, and Coty priced a global offering of 33 million outstanding Class A common stock.
October 09, 2023 | 10:39 am
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NEUTRAL IMPACT
Citi Trends' 10% owner Pleasant Lake Onshore Feeder Fund LP bought 35,000 shares at an average price of $22.19, costing around $776,558.
The insider purchase could signal confidence in the company's prospects despite a decrease in Q2 FY23 sales. However, the impact on the stock price in the short term is uncertain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Coty's Director Isabelle Parize bought 20,500 shares at an average price of $10.29, costing around $210,945.
The insider purchase, combined with the company's recent global offering, could boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Howard Hughes Holdings' 10% owner William Ackman acquired 117,773 shares at an average price of $69.74, costing around $8.21 million.
The insider purchase, combined with the company's plan to spinoff a new division, could boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
STAAR Surgical's 10% owner Neal Bradsher acquired 205,296 shares at an average price of $37.81, costing around $7.76 million.
The insider purchase, combined with better-than-expected Q2 earnings, could boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100