Around $2.4M Bet On HighPeak Energy? Check Out These 4 Stocks Insiders Are Buying
Portfolio Pulse from Avi Kapoor
Insiders at Lovesac, KalVista Pharmaceuticals, HighPeak Energy, and Steel Connect have made notable stock purchases. Lovesac's director bought shares after better-than-expected sales, while KalVista's 10% owner invested following the publication of oral factor XIIa data. HighPeak Energy's CEO made a purchase despite downbeat earnings, and Steel Connect's 10% owner bought shares after a decline in quarterly sales. Insider buying can signal confidence in the company's prospects or undervaluation.
January 02, 2024 | 2:00 pm
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POSITIVE IMPACT
HighPeak Energy's CEO Jack Hightower bought 164,030 shares at $14.77 each, totaling around $2.42 million, despite the company posting downbeat earnings.
The CEO's purchase of HighPeak Energy shares, despite recent downbeat earnings, may indicate insider confidence in the company's future, which could positively influence the stock price in the short term.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 80
POSITIVE IMPACT
KalVista Pharmaceuticals' 10% owner Nimish Shah acquired 519,017 shares at $12.46 each, investing around $6.47 million following the publication of oral factor XIIa data.
The substantial investment by KalVista's 10% owner after the publication of positive scientific data could be a strong bullish signal, potentially leading to a short-term uptick in the stock price.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Lovesac's director Andrew R Heyer purchased 9,100 shares at $26.00 each, signaling confidence after reporting better-than-expected sales.
The insider purchase at Lovesac, coupled with recent better-than-expected sales, suggests a positive outlook for the company, which could lead to a short-term increase in stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Steel Connect's 10% owner WF Asset Corp. bought 8,484 shares at $9.34 each after the company reported a decline in quarterly sales.
The insider purchase at Steel Connect after a decline in sales could suggest a belief in the company's recovery or undervaluation, but the impact on the stock price is less certain.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70