$1.5M Bet On Funko? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders at Funko, Inc. (NASDAQ:FNKO), Conagra Brands, Inc. (NYSE:CAG), and Coty Inc. (NYSE:COTY) have recently made notable purchases of their companies' stocks. Funko's 10% owner acquired shares worth around $1.54 million, despite the company's recent earnings miss and weak guidance. Conagra Brands' Director bought shares worth around $252,290 following the company's upbeat earnings report for its first quarter. Coty's Director purchased shares worth around $50,138 as the company priced its global offering of 33 million outstanding Class A common stock at $10.80.
October 11, 2023 | 12:58 pm
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Conagra Brands' Director bought shares worth around $252,290 following the company's upbeat earnings report for its first quarter.
The purchase of shares by a Director following positive earnings results could indicate confidence in the company's future performance. This could potentially lead to increased investor confidence and a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Coty's Director purchased shares worth around $50,138 as the company priced its global offering of 33 million outstanding Class A common stock at $10.80.
The purchase of shares by a Director at the time of a global offering could indicate confidence in the company's future performance. This could potentially lead to increased investor confidence and a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Funko's 10% owner bought shares worth around $1.54 million, despite the company's recent earnings miss and weak guidance.
The purchase of a significant amount of shares by a 10% owner, despite recent negative financial results, could indicate a belief in the company's long-term prospects. This could potentially lead to increased investor confidence and a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100