$5.6M Bet On This Real Estate Stock? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Avi Kapoor
Insider purchases at InnSuites Hospitality Trust, Astria Therapeutics, and Steel Connect indicate confidence in these companies. InnSuites Hospitality Trust CEO James F Wirth bought 2,000 shares for $5.62 million, Astria Therapeutics Director Joseph Edelman acquired 740,000 shares for $4.59 million, and Steel Connect's 10% owner WF Asset Corp. purchased 9,437 shares for $90,628. InnSuites reported increased sales, Astria posted a narrower loss, and Steel Connect saw a decline in sales.
December 26, 2023 | 11:49 am
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POSITIVE IMPACT
Astria Therapeutics Director Joseph Edelman's acquisition of 740,000 shares for $4.59 million aligns with the company's recent narrower quarterly loss.
The director's large share purchase at Astria Therapeutics, especially after a narrower quarterly loss, could be perceived as a bullish sign by investors, potentially boosting the stock in the short term.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
InnSuites Hospitality Trust CEO James F Wirth's purchase of 2,000 shares for $5.62 million reflects confidence, coinciding with reported sales increase.
The CEO's substantial investment in InnSuites, along with the recent increase in sales, suggests a positive outlook for the company, which may lead to a short-term positive impact on the stock price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Steel Connect's 10% owner WF Asset Corp. bought 9,437 shares for $90,628 despite a recent decline in quarterly sales.
WF Asset Corp.'s purchase in Steel Connect could indicate some level of confidence despite the sales decline, but the impact on the stock price is uncertain and may be neutral in the short term.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70