Over $1M Bet On This Industrial Stock? Check Out These 4 Stocks Insiders Are Buying
Portfolio Pulse from Avi Kapoor
Insiders at Allegion, Heartland Express, Tile Shop Holdings, and Illumina have made significant stock purchases, signaling confidence in their companies' prospects. Allegion's CEO bought shares worth $1.32 million, Heartland Express' 10% owner purchased shares for $185,024, Tile Shop Holdings' 10% owner acquired shares costing around $639,991, and Illumina's CEO bought shares valued at approximately $991,672. These purchases follow positive earnings reports or announcements from the companies.
February 27, 2024 | 1:47 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Allegion's CEO purchased 10,000 shares at an average price of $132.41, totaling around $1.32 million, following better-than-expected quarterly earnings.
The significant purchase by Allegion's CEO following positive earnings suggests a strong belief in the company's future performance, likely leading to a positive short-term impact on ALLE's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Heartland Express' 10% owner Julie Durr acquired 14,933 shares at an average price of $12.39, spending around $185,024, after the company posted a profit for the fourth quarter.
The insider purchase at Heartland Express, especially after a profitable quarter, indicates a positive outlook from insiders, potentially leading to a bullish short-term impact on HTLD's stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Illumina's CEO Jacob Thaysen bought 7,330 shares at an average price of $135.29, spending around $991,672, following upbeat quarterly earnings.
The CEO's significant investment in Illumina shares, especially after positive earnings, indicates a strong belief in the company's future, likely leading to a positive short-term impact on ILMN's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Tile Shop Holdings' 10% owner Pleasant Lake Onshore Feeder Fund LP bought 98,000 shares at $6.53 each, totaling around $639,991, ahead of their Q4 financial results announcement.
The substantial insider purchase at Tile Shop Holdings before the Q4 financial results announcement could indicate insider optimism about the results, suggesting a positive short-term impact on TTSH's stock.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80