$2M Bet On This Energy Stock? Check Out These 4 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders at RXO, Talos Energy, Impinj, and AT&T have made significant stock purchases, signaling confidence in their respective companies. RXO's 10% owner acquired shares worth $3.29 million, Talos Energy's 10% owner purchased $1.99 million in shares, Impinj's Director bought shares for $2.46 million, and an AT&T Director invested approximately $971,875 in the company's stock. All companies reported better-than-expected third-quarter results, which may further bolster investor confidence.
November 16, 2023 | 11:55 am
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POSITIVE IMPACT
Impinj Director Patrick Daniel Gibson bought 33,682 shares for $2.46 million at an average price of $73.16, after strong Q3 revenue results.
The director's substantial investment in Impinj, along with the company's better-than-expected revenue results for Q3, suggest a bullish short-term impact on the stock.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
RXO's 10% owner Farhad Nanji purchased 170,000 shares at $19.37 each, totaling around $3.29 million, following better-than-expected Q3 earnings.
The significant purchase by a 10% owner, coupled with better-than-expected Q3 earnings, suggests a positive outlook for RXO, likely leading to a short-term positive impact on the stock price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
AT&T Director Stephen Luczo purchased 62,500 shares at $15.55 each, spending around $971,875, following strong Q3 financial results.
The insider purchase by an AT&T Director, combined with the company's better-than-expected Q3 financial performance, could have a positive short-term effect on the stock price.
CONFIDENCE 65
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Talos Energy's 10% owner acquired 140,251 shares at $14.20 each, costing around $1.99 million, after the company posted upbeat Q3 results.
The insider purchase by Talos Energy's 10% owner and positive Q3 results are likely to instill investor confidence, potentially leading to a short-term uptick in the stock price.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 85