$1.8M Bet On This Stock? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders at Eastern Company (EML), ASA Gold and Precious Metals (ASA), and Perrigo Company (PRGO) have made significant stock purchases. EML's Director acquired 5,000 shares, ASA's 10% owner bought 135,281 shares, and PRGO's EVP and Chief Scientific Officer purchased 2,040 shares. These transactions can signal confidence in the companies' prospects, potentially indicating investment opportunities.
November 20, 2023 | 11:40 am
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ASA Gold and Precious Metals 10% owner Boaz Weinstein acquired 135,281 shares at $13.59 each, totaling approximately $1.84 million, despite a 15% stock decline over six months.
The substantial investment by a 10% owner, especially after a significant stock price drop, may indicate a belief in the company's undervaluation or forthcoming positive developments.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Eastern Company Director Fredrick Disanto purchased 5,000 shares at $18.61 each, signaling potential confidence in the company despite a recent EPS decline.
Insider purchases often indicate a positive outlook from those who know the company best. Despite a decline in EPS, the director's investment could suggest an undervalued stock or expected future growth.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Perrigo's EVP and Chief Scientific Officer Alison Ives bought 2,040 shares at $29.34 each after the company reported better-than-expected third-quarter earnings.
The insider purchase following strong earnings results may reinforce investor confidence and suggest further growth or stability in the company's performance.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70