Insiders Buying Tilly's And 2 Other Stocks
Portfolio Pulse from Avi Kapoor
Insider purchases were made in Tilly's, Steel Connect, and Mid Penn Bancorp, signaling potential confidence in these companies despite recent challenges such as lower quarterly sales. These transactions may indicate an opportunity for investors, but should not be the sole basis for investment decisions.
January 04, 2024 | 1:16 pm
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POSITIVE IMPACT
Director Albert J Evans bought 411 shares of Mid Penn Bancorp at $24.28 each, totaling $9,979, after an analyst initiated coverage with an Outperform rating and a $26 price target.
The insider purchase by Director Albert J Evans, coupled with a positive analyst rating, suggests confidence in the company's prospects, potentially leading to a positive short-term impact on Mid Penn Bancorp's stock price.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
WF Asset Corp., a 10% owner, acquired 340 shares of Steel Connect at $9.52 each, costing around $3,237, following a report of declining quarterly sales.
The insider purchase by WF Asset Corp. could indicate a potential rebound or undervaluation, which might have a positive short-term impact on Steel Connect's stock price.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Pleasant Lake Partners LLC acquired 27,000 shares of Tilly's at $7.43 each, totaling around $200,691, despite the company's recent downbeat quarterly sales.
The insider purchase by Pleasant Lake Partners LLC may suggest a belief in the company's undervalued stock or future potential, which could lead to a positive short-term impact on Tilly's stock price.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80