Over $1M Bet On This Industrial Stock? Check Out These 4 Stocks Insiders Are Buying
Portfolio Pulse from Avi Kapoor
Insiders at Flowers Foods, Compass Diversified, CVD Equipment, and Ross Stores have recently made significant stock purchases, signaling potential confidence in their companies' futures. These transactions range from around $100,000 to over $1 million, despite some companies posting less-than-ideal financial results recently.
April 04, 2024 | 12:03 pm
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POSITIVE IMPACT
Ryan J Faulkingham's acquisition of 4,250 shares at $23.46 each in Compass Diversified suggests optimism, despite Citi Trends' poor financial results.
Insider buying in the face of affiliate company's poor financial results could indicate a belief in the company's long-term value.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 90
POSITIVE IMPACT
ADA Partners, L.P., a 10% owner, bought 217,554 shares of CVD Equipment at $5.02 each, investing over $1 million despite a recent quarterly loss.
A significant insider purchase, especially after a loss, could signal a strong belief in the company's recovery and growth potential.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 95
POSITIVE IMPACT
Director Edward J. Casey Jr's purchase of 5,000 shares at $23.55 each signals confidence in Flowers Foods, despite recent downbeat earnings.
Insider purchases often indicate a belief in the company's undervalued stock or future growth, especially significant following downbeat earnings.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Karen Fleming, President, CMO DD'S Discounts, bought 3,482 shares of Ross Stores at $147.51 each, following better-than-expected quarterly results.
Insider buying after positive financial results reinforces the optimism surrounding the company's future performance.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 85