Insiders Buying Retractable Technologies And 3 Other Penny Stocks
Portfolio Pulse from Lisa Levin
Insider transactions indicate confidence in penny stocks, with notable purchases in 180 Degree Capital (TURN), Retractable Technologies (RVP), Ault Alliance (AULT), and The Real Good Food Company (RGF). TURN's Alicia M Gift bought shares amid a Discount Management Program. RVP's Thomas J Shaw invested as the company reported an operational loss. AULT's Milton C. Ault III made a significant purchase while exploring options for undervaluation. RGF's Bryan T Freeman bought shares following a debt refinancing agreement to enhance liquidity.
November 29, 2023 | 11:53 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Ault Alliance's Executive Chairman, Milton C. Ault III, bought 350,144 shares at $0.09 each, as the company is looking into options to address its common stock's undervaluation.
The substantial insider purchase could be a strong positive signal to the market, especially as the company is addressing undervaluation, which may lead to a short-term price increase.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
The Real Good Food Company's Director, Bryan T Freeman, purchased 10,000 shares at $1.91 each following a debt refinancing agreement aimed at enhancing liquidity by up to $15 million.
The insider purchase post-debt refinancing agreement suggests a positive outlook for the company's financial health, which could lead to a short-term positive impact on the stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
180 Degree Capital's Treasurer, Alicia M Gift, purchased 1,000 shares at $3.80 each, coinciding with the company's Discount Management Program announcement.
The insider purchase combined with the Discount Management Program could be seen as a positive signal, potentially leading to a short-term uptick in the stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Retractable Technologies' President and CEO, Thomas J Shaw, acquired 2,800 shares at $1.12 each, despite the company reporting an $8.7 million operational loss for the first nine months of 2023.
The CEO's purchase might inspire some investor confidence, but the reported operational loss could temper any potential positive impact on the stock price.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70