Nerdy And 3 Other Stocks Under $3 Insiders Are Buying
Portfolio Pulse from Avi Kapoor
Insiders at Rave Restaurant Group, AmeriServ Financial, Nerdy, and Fresh Tracks Therapeutics have recently made significant stock purchases. These transactions can signal insider confidence in the companies' futures. Rave Restaurant and AmeriServ Financial reported a decline in quarterly sales and a fourth-quarter loss, respectively. Nerdy received an Overweight rating from JP Morgan with a price target of $5. Fresh Tracks Therapeutics' stock fell about 8% over the past month.
March 14, 2024 | 12:58 pm
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POSITIVE IMPACT
NRDY CEO acquired 67,991 shares at $2.88 each. JP Morgan analyst gave an Overweight rating with a $5 price target.
The CEO's large purchase combined with JP Morgan's positive outlook could significantly boost investor confidence and stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
ASRV CEO bought 2,000 shares at $2.53 each after reporting a loss for the fourth quarter.
The CEO's investment post-Q4 loss might indicate belief in the company's ability to recover, potentially impacting investor sentiment.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
FRTX 10% owner bought 16,329 shares at $0.92 each as the stock fell about 8% over the past month.
The significant purchase by a major owner could indicate a belief in the company's potential for recovery or growth, influencing investor perception.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
RAVE CEO bought 11,376 shares at $1.72 each amid a decline in quarterly sales.
The CEO's purchase could signal confidence in RAVE's future despite recent sales decline, potentially stabilizing the stock.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80