RiskOn International And 3 Other Stocks Under $2 Insiders Are Buying
Portfolio Pulse from Avi Kapoor
Insiders at four companies have recently made notable purchases of their own company's stock, indicating potential confidence in their respective companies' prospects. Forte Biosciences Director Paul A Wagner bought 51,203 shares at $0.60 each. CommScope Holding SVP & President Koen Linde Ter acquired 13,513 shares at $1.84 each. RiskOn International 10% owner Milton C. Ault III purchased 2,000 shares at $0.21 each. Erasca Director Harding Denise Valerie Start bought 10,000 shares at $1.85 each. These transactions can be a factor for investors considering penny stocks.
December 11, 2023 | 1:34 pm
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POSITIVE IMPACT
CommScope Holding SVP & President Koen Linde Ter acquired 13,513 shares at $1.84 following a report of $1.6 billion in Q3 net sales.
The insider purchase after a strong Q3 sales report may reflect a positive outlook on the company's financial health, which could lead to a short-term uptick in the stock price.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 80
POSITIVE IMPACT
Erasca Director Harding Denise Valerie Start acquired 10,000 shares at $1.85 after the company reported a narrower-than-expected quarterly loss.
The insider purchase following a better-than-expected quarterly financial report suggests confidence in the company's trajectory, which could positively influence the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Forte Biosciences Director Paul A Wagner purchased 51,203 shares at $0.60, indicating potential insider confidence despite a wider Q3 loss.
The insider purchase by a director suggests confidence in the company's future, which could positively influence investor sentiment and potentially lead to a short-term increase in stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
RiskOn International 10% owner Milton C. Ault III bought 2,000 shares at $0.21, as the company names a new CEO for a subsidiary.
The insider purchase combined with new leadership at a subsidiary could be perceived as a positive development, potentially leading to a short-term positive impact on the stock.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70