Blend Labs And 3 Other Stocks Under $3 Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders have recently bought shares in four penny stocks: Butler National Corporation (OTC:BUKS), Blend Labs, Inc. (NYSE:BLND), Tecogen Inc. (OTC:TGEN), and Barnwell Industries, Inc. (NYSE:BRN). Butler National disclosed the acquisition of KC Machine, Blend announced an integration with MeridianLink, Tecogen signed a $1.5 million Credit Agreement, and Barnwell Industries reported a net loss of $717,000.
October 18, 2023 | 12:34 pm
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POSITIVE IMPACT
Blend Labs' Head of Finance and Admin acquired 14,124 shares. The company announced an integration with MeridianLink.
The insider purchase and the integration with MeridianLink could increase investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Butler National's 10% owner acquired 100,000 shares. The company disclosed the acquisition of KC Machine.
The insider purchase and the acquisition of KC Machine could boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Tecogen's Director acquired 50,000 shares. The company announced the signing of a $1.5 million Credit Agreement.
The insider purchase and the signing of a credit agreement could boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 65
RELEVANCE 100
NEUTRAL IMPACT
Barnwell Industries' 10% owner acquired 74,005 shares. The company reported a net loss of $717,000.
While the insider purchase could boost investor confidence, the reported net loss might offset this positive impact, leading to a neutral short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 100