Socket Mobile And 2 Other Stocks Under $3 Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders at Martin Midstream Partners LP (MMLP), Socket Mobile Inc (SCKT), and Butler National Corporation (BUKS) have recently acquired shares in their respective companies. MMLP Director Ruben S Martin bought 12,000 shares at an average price of $2.50, SCKT Director Charlie Bass acquired 5,000 shares at an average price of $1.00, and BUKS 10% owner Joseph Patrick Daly purchased 30,000 shares at an average price of $0.68.
November 03, 2023 | 12:45 pm
News sentiment analysis
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POSITIVE IMPACT
10% owner Joseph Patrick Daly acquired 30,000 shares of BUKS at an average price of $0.68. The company recently disclosed the acquisition of KC Machine.
The insider buying indicates a positive sentiment towards the company's future performance. The recent acquisition of KC Machine could potentially boost the company's revenues and profitability.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Director Ruben S Martin acquired 12,000 shares of MMLP at an average price of $2.50. The company recently posted a narrower loss for Q3.
The insider buying indicates a positive sentiment towards the company's future performance. The recent narrower loss for Q3 also suggests improving financial health.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Director Charlie Bass acquired 5,000 shares of SCKT at an average price of $1.00. The company recently posted a wider-than-expected Q3 loss.
While the insider buying indicates confidence in the company, the recent wider-than-expected Q3 loss may have a negative impact on the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100