Ondas Holdings And 2 Other Stocks Under $1 Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders at Innovative Food Holdings, Ondas Holdings, and VolitionRx have recently made significant stock purchases. Innovative Food Holdings reported modest GAAP net income, while Ondas Holdings posted a narrower-than-expected quarterly loss. VolitionRx received a price target increase from Cantor Fitzgerald. These insider transactions may signal confidence in the companies' prospects, which could be of interest to investors in penny stocks.
November 20, 2023 | 1:45 pm
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POSITIVE IMPACT
Innovative Food Holdings saw insider buying with 255,000 shares purchased at $0.69 each, after reporting a small GAAP net income for Q3.
The insider purchase coupled with the reported GAAP net income suggests a positive outlook for the company, which may lead to a short-term positive impact on the stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ondas Holdings' insider Joseph V Popolo acquired 342,880 shares at $0.71 each, following a narrower-than-expected quarterly loss.
The insider's substantial investment and the company's better-than-expected loss report may positively influence investor sentiment and the stock's short-term performance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
VolitionRx CEO acquired 10,000 shares at $0.81 each, with Cantor Fitzgerald recently raising the price target from $2.1 to $2.5.
The CEO's purchase and the analyst's price target increase are both bullish indicators that could lead to a short-term uptick in VolitionRx's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80