22nd Century Group And 2 Other Stocks Under $2 Insiders Are Buying
Portfolio Pulse from Avi Kapoor
Insiders at Vivani Medical, 22nd Century Group, and ADM Endeavors have recently made notable stock purchases. Vivani Medical's Director Gregg Williams bought 6,200 shares at $1.07 each, while the company reported a wider-than-expected quarterly loss in November. 22nd Century Group's CEO Lawrence Firestone acquired 100,000 shares at $0.17 each following the sale of its hemp/cannabis operations. ADM Endeavors' CEO Marc Johnson purchased 125,500 shares at $0.04 each, with the stock rising about 30% over the past five days.
January 08, 2024 | 1:20 pm
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POSITIVE IMPACT
ADM Endeavors' CEO Marc Johnson bought 125,500 shares at $0.04 each, with the stock recently jumping around 30%.
The CEO's purchase and the recent stock price increase could indicate continuing positive momentum for the company.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
22nd Century Group's CEO Lawrence Firestone purchased 100,000 shares at $0.17 each after the company sold its hemp/cannabis operations.
The insider purchase following the sale of a business unit could indicate a strategic shift and potential upside for the company.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Vivani Medical's Director Gregg Williams bought 6,200 shares at $1.07 each. The company recently posted a wider-than-expected quarterly loss.
While insider buying can be a positive signal, the recent wider-than-expected loss may temper short-term investor enthusiasm.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70