$2.5M Bet On Intel? Check Out These 4 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders at ASA Gold and Precious Metals, Intel, Mercury Systems, and Diebold Nixdorf have made significant stock purchases. Boaz Weinstein, a 10% owner of ASA, bought shares worth $2.03 million. Intel Director Bu Lip Tan invested $2.5 million in the company's stock. Mercury Systems Director Orlando Carvalho purchased shares for $1.18 million, and Diebold Nixdorf's CEO Octavio Marquez acquired shares valued at $21,500. These purchases may indicate insider confidence despite various challenges faced by the companies.
November 15, 2023 | 12:21 pm
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Boaz Weinstein, a 10% owner, bought 152,901 shares of ASA Gold and Precious Metals at $13.27 each, totaling around $2.03 million, despite the stock's 20% decline over six months.
The significant investment by a major owner suggests a strong belief in the company's future performance, which could positively influence the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Diebold Nixdorf's President and CEO Octavio Marquez bought 1,000 shares at $21.50 each, totaling $21,500, after the company reported increased sales for the third quarter.
The CEO's purchase, although smaller in value, aligns with positive sales growth and could be seen as a reaffirmation of the company's trajectory, possibly affecting the stock positively.
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Intel Director Bu Lip Tan acquired 66,000 shares at $37.84 each, costing about $2.5 million, even as Intel halted a planned investment in Vietnam due to power supply and bureaucracy issues.
The director's purchase could be seen as a positive signal to the market, potentially mitigating the negative impact of the halted Vietnam investment on the stock price.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 80
POSITIVE IMPACT
Mercury Systems Director Orlando Carvalho bought 35,000 shares at $33.83 each, spending $1.18 million, following the company's disappointing first-quarter financial results.
The director's investment after poor financial results could be interpreted as a vote of confidence, potentially leading to a positive short-term impact on the stock.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 75