15.7M Bet On Voxx International? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Avi Kapoor
Insiders at AMREP Corporation, NB Bancorp, Inc., and VOXX International Corporation have made significant stock purchases, signaling potential confidence in their respective companies. AMREP's 10% owner bought shares despite a decline in quarterly sales. NB Bancorp's EVP acquired shares as the stock saw a slight gain over five days. VOXX International's Director made a substantial purchase following a settlement agreement with Seaguard.
January 09, 2024 | 1:17 pm
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POSITIVE IMPACT
VOXX International's Director Steven R Downing made a significant purchase of 1,568,750 shares following a settlement agreement with Seaguard.
The large purchase by VOXX International's Director, especially after a settlement agreement, could be seen as a strong vote of confidence in the company's future, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
AMREP's 10% owner Rainey Lancaster purchased 8,053 shares, signaling potential confidence despite a recent decline in quarterly sales.
The insider purchase at AMREP could indicate confidence in the company's long-term prospects despite a recent sales decline. However, insider trades are not the sole indicator for investment decisions, making the short-term impact neutral.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
NB Bancorp's EVP Paul Evangelista acquired 15,000 shares, possibly due to the stock's recent 1% gain over the past five days.
The insider purchase at NB Bancorp follows a modest stock gain, which might suggest a positive outlook. However, the impact on the stock price is uncertain without further context.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60