2 Stocks Insiders Are Buying: AMREP And More
Portfolio Pulse from Avi Kapoor
Insiders at FB Financial Corporation and AMREP Corporation have made notable stock purchases. FB Financial's 10% owner James Ayers bought 2,000 shares at $38.20 each, while AMREP's 10% owner Rainey Lancaster acquired 1,800 shares at $21.82 each. These insider trades suggest confidence in the companies' prospects. However, FB Financial was recently downgraded by Hovde Group analyst Brett Rabatin, and AMREP reported a decline in quarterly sales.
January 24, 2024 | 11:57 am
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NEUTRAL IMPACT
AMREP's insider purchase by Rainey Lancaster could be a positive signal, but the company's recent decline in quarterly sales might concern investors.
While insider buying typically suggests confidence, the reported decline in sales could overshadow the potential positive impact of the insider trade on the stock price in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
FB Financial's insider purchase by James Ayers may indicate confidence, but the stock was downgraded by an analyst with a $40 price target, close to the purchase price.
The insider purchase is a positive sign, but the recent downgrade by an analyst and the proximity of the price target to the purchase price may limit the short-term upside potential.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70