$230M Bet On Talos Energy? Check Out These 4 Stocks Insiders Are Buying
Portfolio Pulse from Avi Kapoor
Insiders at Talos Energy, PBF Energy, AMREP, and KalVista Pharmaceuticals have made significant stock purchases. Talos Energy's 10% owner bought shares worth $230 million, while PBF Energy's 10% owner purchased $20.78 million in stock. AMREP's 10% owner acquired shares for $153,384, and KalVista Pharmaceuticals' 10% owner invested $1.8 million. These transactions may indicate insider confidence despite varying company news, such as Talos Energy's public offering, a downgrade for PBF Energy, a sales decline for AMREP, and new research publication for KalVista Pharmaceuticals.
January 22, 2024 | 11:41 am
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POSITIVE IMPACT
AMREP's 10% owner Rainey Lancaster bought 7,000 shares at an average price of $21.91, totaling around $153,384, following a reported decline in quarterly sales.
The insider purchase by Rainey Lancaster might be a positive signal to the market, suggesting potential undervaluation or future growth prospects despite the recent sales decline.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
KalVista Pharmaceuticals' 10% owner Nimish Shah invested $1.8 million in the company, buying 143,605 shares at $12.55 each, following the publication of new research.
The insider's investment could be interpreted as a positive response to the company's recent research publication, which may attract investor interest and support the stock price.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
PBF Energy's 10% owner acquired $20.78 million in stock, despite a recent downgrade by Piper Sandler from Overweight to Neutral with a lower price target.
The insider purchase could be seen as a counter to the recent downgrade, potentially reassuring investors and providing support for the stock price in the short term.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Talos Energy's 10% owner purchased shares worth $230 million, signaling strong insider confidence as the company announces a $351 million public offering.
The substantial investment by a 10% owner in Talos Energy suggests a strong belief in the company's future performance, which could positively influence investor sentiment and the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90