Insiders Buying DENTSPLY SIRONA And 2 Other Stocks
Portfolio Pulse from Lisa Levin
Insider purchases were made in three companies: Perrigo Company plc, DENTSPLY SIRONA Inc., and Topgolf Callaway Brands Corp. Perrigo's EVP and CHRO bought shares after better-than-expected Q3 earnings. DENTSPLY SIRONA's Director made purchases following the announcement of a $1 billion share repurchase program. Topgolf Callaway's President and CEO acquired shares despite mixed Q3 results and lowered FY23 guidance. Insider buying can indicate confidence in the company's prospects or undervaluation.
November 28, 2023 | 1:44 pm
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POSITIVE IMPACT
Perrigo's EVP and CHRO Robert Willis purchased 5,550 shares, signaling confidence following better-than-expected Q3 earnings.
Insider purchases often indicate a positive outlook from company executives. The recent better-than-expected earnings could further support the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
DENTSPLY SIRONA's Director Gregory T Lucier bought 10,000 shares, possibly in response to the company's new $1 billion share repurchase program.
The authorization of a significant share repurchase program can be a strong positive signal to investors, often leading to a short-term increase in stock price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Topgolf Callaway's President and CEO Oliver G. Brewer III purchased 11,000 shares despite mixed Q3 results and lowered FY23 guidance.
While insider buying typically suggests confidence, the mixed financial results and lowered guidance present uncertainty, which may neutralize the short-term impact on the stock price.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70