Insiders Buying Edgewise Therapeutics And 2 Other Stocks
Portfolio Pulse from Avi Kapoor
Insiders at Tile Shop Holdings, Edgewise Therapeutics, and Wolfspeed have made notable stock purchases. Pleasant Lake Partners LLC bought 14,600 shares of Tile Shop at $6.73 each, while Edgewise's Peter A Thompson acquired 454,545 shares at $11.00 each following a $240 million offering. Wolfspeed's Thomas H Werner purchased 683 shares at $32.05 each amid an extended wafer supply agreement with Infineon.
January 26, 2024 | 11:34 am
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Edgewise Therapeutics' Director Peter A Thompson acquired 454,545 shares at $11.00 each, following a $240 million share offering at the same price.
The director's large purchase aligns with the recent share offering price, indicating strong insider belief in the company's value.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Pleasant Lake Partners LLC, a 10% owner, bought 14,600 shares of Tile Shop Holdings at $6.73 each, signaling confidence despite recent downbeat sales.
Insider purchases often indicate confidence in the company's prospects, suggesting a potential positive short-term impact on the stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Wolfspeed's Director Thomas H Werner bought 683 shares at $32.05 each, coinciding with an expanded wafer supply agreement with Infineon.
The insider purchase may reflect optimism about the company's future following the positive news of the supply agreement extension.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70