Gossamer Bio And 2 Other Stocks Under $1 Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders at three companies have recently made notable purchases of their own company's stock. Earth Science Tech CEO Giorgio R Saumat bought 102,416 shares at $0.07 each, after the company reported a net profit for its fiscal second quarter. Vivos CEO and President Michael Korenko purchased 100,000 shares at $0.05 each, despite the stock falling 15% over the past six months. Gossamer Bio COO/CFO Bryan Giraudo acquired 200,000 shares at $0.56 each, following a price target increase from $5 to $6 by Wedbush.
November 15, 2023 | 2:31 pm
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Gossamer Bio COO/CFO Bryan Giraudo's purchase of 200,000 shares at $0.56 each is a strong vote of confidence, especially after Wedbush raised the price target from $5 to $6.
The insider purchase combined with the recent price target increase by Wedbush suggests a bullish outlook for Gossamer Bio in the short term. Insider buys often signal confidence in the company's future performance, which can positively influence investor sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90