Insiders Buying M&T Bank And 3 Other Stocks
Portfolio Pulse from Lisa Levin
Insider trading has been observed in four US-listed companies: Howard Hughes Holdings Inc. (HHH), Learn CW Investment Corporation (LCW), M&T Bank Corporation (MTB), and Hanmi Financial Corporation (HAFC). The insiders' purchases indicate their confidence in the companies' prospects or that they view the stocks as a bargain.
October 30, 2023 | 10:58 am
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POSITIVE IMPACT
CFO Romolo Santarosa bought 1,000 shares of Hanmi Financial Corporation at an average price of $14.23. The company reported strong sales results for the third quarter.
The insider purchase by the CFO indicates confidence in the company's prospects. The strong Q3 sales results also suggest a positive outlook for the company.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Director William Ackman acquired 116,070 shares of Howard Hughes Holdings Inc. at an average price of $66.88. The company plans to spinoff a new division, Seaport Entertainment, by year-end 2024.
The insider purchase by the director indicates confidence in the company's prospects. The planned spinoff of a new division could also potentially increase the company's value.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
10% owner Alan E Howard acquired 770,000 shares of Learn CW Investment Corporation at an average price of $10.00. The company has a market cap of $161.446 million.
The insider purchase by a 10% owner indicates confidence in the company's prospects. The company's market cap also suggests it has a solid financial standing.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Sr. EVP & CFO Daryl Bible bought 5,000 shares of M&T Bank Corporation at an average price of $111.04. The bank posted better-than-expected quarterly results.
The insider purchase by the CFO indicates confidence in the bank's prospects. The better-than-expected quarterly results also suggest a positive outlook for the bank.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100