2U And 3 Other Stocks Under $4 Insiders Are Buying
Portfolio Pulse from Avi Kapoor
Insiders at Delcath Systems, 2U, Crexendo, and Elys Game Technology have recently purchased shares of their respective companies. Delcath Systems' Chief Medical Officer bought 40,000 shares at $3.00 each, while 2U's Chief Product Officer acquired 51,565 shares at $0.99 each. Crexendo's Chief Revenue Officer purchased 2,000 shares at $3.03 each, and Elys Game Technology's 10% owner bought 807,530 shares at $0.16 each. These transactions may signal insider confidence despite Delcath Systems' poor quarterly results and 2U's mixed financial results with reduced revenue guidance.
December 15, 2023 | 2:00 pm
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POSITIVE IMPACT
Crexendo's Chief Revenue Officer bought 2,000 shares at $3.03 each following better-than-expected third-quarter earnings, indicating potential continued growth.
The insider buying at Crexendo after positive earnings could reinforce investor confidence and possibly lead to a short-term uptick in the stock price.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 70
POSITIVE IMPACT
Delcath Systems' Chief Medical Officer purchased 40,000 shares, signaling potential insider confidence despite recent downbeat quarterly results.
The insider purchase at Delcath Systems could be seen as a positive sign by investors, potentially leading to a short-term increase in stock price, despite the company's recent poor performance.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Elys Game Technology's 10% owner purchased 807,530 shares at $0.16 each, possibly reflecting optimism after a market access agreement with Caesars Entertainment.
The substantial insider purchase at Elys Game Technology, especially after securing market access in Colorado, could suggest a bullish outlook, potentially impacting the stock price positively in the short term.
CONFIDENCE 65
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
2U's Chief Product Officer acquired 51,565 shares at $0.99 each, which may indicate insider belief in the company's value despite cutting 2023 revenue guidance.
The insider purchase at 2U, especially after a cut in revenue guidance, suggests that insiders may see the current stock price as undervalued, which could lead to short-term positive sentiment among investors.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 80