Charles & Colvard And 3 Other Penny Stocks Insiders Are Buying (CORRECTED)
Portfolio Pulse from Avi Kapoor
Insiders at Charles & Colvard, E.W. Scripps Company, AMMO, Inc., and Power Solutions International have recently made significant stock purchases. These transactions indicate insider confidence in these companies, despite mixed financial results and corporate developments reported by some. Charles & Colvard reported a quarterly loss, while AMMO posted upbeat third-quarter results. Power Solutions International announced a new General Counsel appointment, and E.W. Scripps reported mixed fourth-quarter financial results.
March 04, 2024 | 1:43 pm
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POSITIVE IMPACT
Director Ollin B Sykes purchased 44,940 shares at $0.38 each after Charles & Colvard reported a quarterly loss of 9 cents per share.
The significant insider purchase by Director Ollin B Sykes, despite recent losses, could signal to investors that internal stakeholders have confidence in the company's future recovery and growth.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
CEO Jared Rowe Smith bought 8,000 shares at $2.33 each after AMMO, Inc. reported upbeat third-quarter results.
The purchase by CEO Jared Rowe Smith following positive third-quarter results suggests strong insider confidence in AMMO, Inc.'s continued growth and operational success.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
10% owner Neil Gagnon acquired 25,069 shares at $1.95 each, coinciding with the appointment of a new General Counsel at Power Solutions International.
The insider purchase by 10% owner Neil Gagnon, alongside the appointment of a new General Counsel, could be seen as a positive signal of the company's strategic direction and governance.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Director Charles L. Barmonde acquired 10,500 shares at $4.28 each following mixed fourth-quarter financial results from E.W. Scripps Company.
The insider purchase by Director Charles L. Barmonde after mixed financial results may indicate a belief in the company's potential to overcome current challenges and improve performance.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 85