Insiders Buying FlexShopper And 3 Other Stocks Under $2
Portfolio Pulse from Lisa Levin
Insiders at CommScope Holding, Inspire Veterinary Partners, Socket Mobile, and FlexShopper have recently purchased shares of their respective companies, all priced under $2. CommScope's director acquired 60,000 shares following an upgrade by Raymond James. Inspire Veterinary Partners' director bought 1,000 shares after reporting a 42% year-over-year revenue increase. Socket Mobile's director purchased 5,000 shares despite a wider-than-expected quarterly loss. FlexShopper's director acquired 8,707 shares after reporting better-than-expected financial results.

November 22, 2023 | 11:35 am
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NEUTRAL IMPACT
Socket Mobile's director bought 5,000 shares at $1.23 each despite the company posting a wider-than-expected quarterly loss, which could indicate belief in a turnaround.
The insider purchase might be seen as a positive sign, but the recent wider-than-expected loss could temper investor enthusiasm, leading to a neutral short-term impact on the stock price.
CONFIDENCE 65
IMPORTANCE 55
RELEVANCE 60
POSITIVE IMPACT
CommScope Holding's director purchased 60,000 shares at $1.86 each after an upgrade from Raymond James, indicating potential insider confidence in the company's future.
The insider purchase combined with the recent upgrade by Raymond James could be seen as a positive signal by investors, potentially leading to a short-term increase in stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
FlexShopper's director acquired 8,707 shares at $1.12 each after the company reported better-than-expected financial results, suggesting confidence in continued performance.
The insider buying following positive financial results could be a strong indicator of the company's potential, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Inspire Veterinary Partners' director acquired 1,000 shares at $0.56 each after the company reported a significant increase in year-over-year revenue.
The insider purchase following a strong revenue report may suggest optimism about the company's growth, which could positively influence the stock price in the short term.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 70