AIM ImmunoTech And 3 Other Stocks Under $1 Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders at four US-listed companies have recently made notable purchases of their own company's stock. SeaStar Medical Holding Corporation (ICU) Director Kenneth Heel Van bought 100,000 shares. Beasley Broadcast Group, Inc. (BBGI) CEO Caroline Beasley acquired 2,712 shares. RiskOn International, Inc. (ROI) 10% owner Milton C. Ault III purchased 2,133 shares. AIM ImmunoTech Inc. (AIM) CEO and President Thomas K Equels bought 33,861 shares. These transactions occurred despite recent financial setbacks for these companies, such as posting wider-than-expected quarterly losses or experiencing significant stock price declines.
November 28, 2023 | 11:39 am
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POSITIVE IMPACT
AIM ImmunoTech CEO and President Thomas K Equels acquired 33,861 shares at $0.44 each, despite a wider-than-expected third-quarter loss.
The CEO's purchase suggests confidence in the company's future, which could reassure investors and positively impact the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Beasley Broadcast Group CEO Caroline Beasley acquired 2,712 shares at $0.72 each after the company reported a third-quarter loss.
The CEO's purchase is a positive signal to investors, potentially indicating a belief in the company's ability to overcome recent earnings challenges.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 80
POSITIVE IMPACT
SeaStar Medical Director Kenneth Heel Van bought 100,000 shares at $0.40 each, despite the company posting a wider-than-expected quarterly loss.
Insider purchases often indicate confidence in the company's future prospects. The significant buy by the director could suggest an internal belief in potential recovery or undervaluation.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
RiskOn International 10% owner Milton C. Ault III bought 2,133 shares at $0.39 each, even as the stock dipped 50% over the past month.
The insider purchase could be seen as a bullish sign, especially following a significant drop in the stock price, suggesting the owner sees current levels as undervalued.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80