Insiders Buying Apyx Medical And 3 Other Stocks Under $3
Portfolio Pulse from Lisa Levin
Insiders at Apyx Medical, Crexendo, iHeartMedia, and Energous have recently purchased shares of their respective companies, all priced under $3. These transactions may signal insider confidence in the companies' prospects. Crexendo and Energous reported better-than-expected earnings, while iHeartMedia saw a revenue decline and Apyx Medical reported disappointing financial results.
November 16, 2023 | 2:31 pm
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NEUTRAL IMPACT
Apyx Medical CEO Charles D. Goodwin II purchased 50,000 shares at $1.57 each, despite the company reporting worse-than-expected Q3 financial results.
The CEO's purchase could be seen as a positive sign of confidence in the company's future, potentially offsetting the negative impact of the poor Q3 results on the stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
iHeartMedia CEO and Chairman Robert W Pittman bought 100,000 shares at $2.06 each, despite a 3.6% Y/Y decline in Q3 revenue.
The CEO's purchase could suggest confidence in a future recovery, which may help stabilize the stock price despite the recent revenue decline.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Crexendo's Chief Revenue Officer Jon Brinton acquired 2,000 shares at $2.14 each after the company posted better-than-expected Q3 earnings.
The insider purchase following positive earnings could indicate a bullish outlook for the stock, likely leading to a positive short-term impact.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Energous CEO and President Cesar Johnston acquired 52,000 shares at $1.82 each after reporting a narrower-than-expected Q3 loss.
The insider buying could reflect a positive outlook for the company's technology and potential growth, likely contributing to a positive short-term impact on the stock.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 80