$6.5M Bet On This Healthcare Stock? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Avi Kapoor
Insiders at STAAR Surgical, KalVista Pharmaceuticals, and NB Bancorp have made significant stock purchases, signaling potential confidence in their respective companies. STAAR Surgical's 10% owner Neal Bradsher acquired shares worth approximately $6.48 million, while KalVista Pharmaceuticals' 10% owner Nimish Shah purchased shares for about $720,543. NB Bancorp Director Muhammad Raza bought shares totaling around $50,031. These transactions may indicate an opportunity for investors to consider these stocks.
January 08, 2024 | 12:13 pm
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KalVista Pharmaceuticals' 10% owner Nimish Shah acquired 59,369 shares at an average price of $12.14, spending approximately $720,543, following the publication of oral factor XIIa data.
Insider purchases in the pharmaceutical sector can be a bullish signal, especially following positive scientific publications, which may lead to increased investor interest and a potential uptick in the stock price.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
NB Bancorp Director Muhammad Raza bought 3,706 shares at an average price of $13.50, totaling around $50,031, despite the stock falling about 1% over the past five days.
Director-level insider buying, even in the face of recent stock price declines, can be a positive sign for investors, suggesting potential undervaluation or future growth prospects.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
STAAR Surgical's 10% owner Neal Bradsher purchased 226,553 shares at an average price of $28.61, totaling around $6.48 million, following the company's better-than-expected quarterly earnings in November.
The significant investment by a major owner often signals confidence in the company's future performance, which could positively influence investor sentiment and potentially lead to a short-term increase in stock price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90