Insiders Buying ProtoKinetix And 2 Other Stocks Under $2
Portfolio Pulse from Lisa Levin
Insiders have recently bought shares in ProtoKinetix, Incorporated (PKTX), Firsthand Technology Value Fund, Inc. (SVVC), and RENN Fund, Inc. (RCG). ProtoKinetix's CFO acquired 20,000 shares, while Firsthand Technology Value Fund's 10% owner bought 49,805 shares and RENN Fund's President and CEO purchased 413 shares. ProtoKinetix's stock has lost around 53% over the past month, Firsthand Technology Value Fund announced plans to seek stockholder approval to withdraw BDC election and pursue liquidation, and RENN Fund shares lost around 4% year-to-date.
October 30, 2023 | 12:58 pm
News sentiment analysis
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NEGATIVE IMPACT
ProtoKinetix's CFO bought 20,000 shares while the stock lost around 53% over the past month.
The CFO's purchase could be seen as a vote of confidence in the company's future, but the recent significant loss in stock value may continue to negatively impact the stock in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
RENN Fund's President and CEO bought 413 shares while the stock lost around 4% year-to-date.
The CEO's purchase could be seen as a vote of confidence in the company's future, but the recent loss in stock value may continue to negatively impact the stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Firsthand Technology Value Fund's 10% owner bought 49,805 shares as the company announced plans to seek stockholder approval to withdraw BDC election and pursue liquidation.
The insider purchase could be seen as a positive sign, but the company's announcement to pursue liquidation could negatively impact the stock in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100