Over $1M Bet On EchoStar? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Avi Kapoor
Insiders at Greif, EchoStar, and Middlesex Water have made notable purchases of their companies' stocks, signaling confidence in their respective companies' futures. Greif's CFO acquired shares following upbeat quarterly earnings, EchoStar's Director made a significant purchase despite a year-over-year decrease in EPS, and a Director at Middlesex Water bought shares after the company posted downbeat quarterly results.

March 11, 2024 | 11:19 am
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POSITIVE IMPACT
Greif's CFO Lawrence A. Hilsheimer purchased 7,363 shares at an average price of $65.06, following upbeat quarterly earnings.
The CFO's purchase following positive earnings suggests a strong belief in the company's future performance, likely to positively influence investor sentiment and potentially the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Middlesex Water's Director James F. Cosgrove Jr purchased 1,600 shares at an average price of $51.70, following downbeat quarterly results.
The purchase by the Director after disappointing quarterly results may suggest a belief in the company's long-term value, potentially encouraging investors and positively impacting the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
EchoStar's Director James Defranco acquired 90,000 shares at an average price of $13.21, despite a year-over-year decrease in fourth-quarter EPS results.
The significant investment by the Director, even after a decrease in EPS, could indicate insider confidence in the company's recovery or undervaluation, potentially leading to positive market reaction.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90