Insiders Buying Bank of America And 3 Other Stocks
Portfolio Pulse from Lisa Levin
Insiders at Asana, Neogen Corporation, Bank of America, and The Bancorp have recently made notable purchases of their companies' stocks. This could indicate their confidence in the companies' prospects or that they view the stocks as a bargain. However, insider purchases should not be the only indicator for making an investment or trading decision.
November 06, 2023 | 11:58 am
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Asana's President, CEO and Chair, Dustin Moskovitz, acquired 237,015 shares at an average price of $17.50. This follows a recent downgrade of Asana from Neutral to Underweight by Piper Sandler.
The CEO's purchase of shares could indicate confidence in the company's prospects despite the recent downgrade. This could potentially lead to a short-term increase in the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Bank of America's Director, Thomas D Woods, bought 25,000 shares at an average price of $26.25. This follows better-than-expected third-quarter financial results.
The Director's purchase of shares could indicate confidence in the company's prospects following the better-than-expected Q3 results. This could potentially lead to a short-term increase in the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Neogen Corporation's Director, William Boehm, acquired 2,000 shares at an average price of $16.06. This follows weaker-than-expected results for its first quarter.
The Director's purchase of shares could indicate confidence in the company's prospects despite the weaker-than-expected Q1 results. This could potentially lead to a short-term increase in the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
The Bancorp's Director, Matthew Cohn, bought 17,980 shares at an average price of $38.00. This follows weaker-than-expected earnings for its third quarter.
The Director's purchase of shares could indicate confidence in the company's prospects despite the weaker-than-expected Q3 earnings. This could potentially lead to a short-term increase in the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100