An Oversold Small Cap Industrial That Insiders Are Buying Ahead Of Earnings This Week
Portfolio Pulse from David Pinsen
The article discusses the potential of an unnamed oversold industrial stock that insiders are buying ahead of its earnings release this week. The stock has a Relative Strength Index (RSI) below 20 and a Piotroski F-Score of 8, indicating it is oversold but financially strong. The company's shares plummeted about 25% after mixed earnings last quarter, but five directors, including the chairman, bought more shares in the open market. The article suggests that the stock could bounce if the earnings are less terrible than the market has already priced in.
October 24, 2023 | 4:41 pm
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Biogen, Inc. was mentioned as the company that recently acquired Reata Pharmaceuticals. No specific impact on the company is expected from this news.
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CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 20
NEUTRAL IMPACT
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CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 20
NEUTRAL IMPACT
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CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 20