Insiders Buying General American Investors Company And 2 Other Stocks
Portfolio Pulse from Avi Kapoor
Insiders have made notable purchases in shares of General American Investors Company (GAM), AMREP Corporation (AXR), and Ares Commercial Real Estate (ACRE), indicating their confidence in these companies. AMREP reported a significant decrease in earnings per share in its fiscal third quarter of 2024 compared to the previous year. Ares Commercial Real Estate received a downgrade from B of A Securities, with a lowered price target. General American Investors has seen an 8% stock increase year-to-date.
April 05, 2024 | 12:53 pm
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POSITIVE IMPACT
Ares Commercial Real Estate saw insider buying after a downgrade from B of A Securities and a lowered price target.
Insider buying following a downgrade and lowered price target might indicate insiders believe the stock is undervalued or expect positive future developments.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 85
POSITIVE IMPACT
AMREP Corporation saw insider buying despite a significant drop in earnings per share in its fiscal third quarter of 2024.
Insider purchases in the context of a significant earnings drop could signal confidence in the company's recovery potential or that the stock is currently undervalued.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
General American Investors Company's CEO bought shares after the stock gained around 8% year-to-date, showing continued confidence.
The CEO's purchase after an 8% year-to-date gain suggests confidence in the company's continued growth or belief in further upside potential.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 95