Palatin Technologies And 2 Other Stocks Under $3 Insiders Are Buying
Portfolio Pulse from Avi Kapoor
Insiders at Palatin Technologies, Tecogen, and Augusta Gold have recently made significant stock purchases, signaling potential confidence in their companies' futures. Tecogen's Director acquired shares at $0.70 each, following a reported revenue of $5.9 million and a net loss for the last quarter of 2023. Augusta Gold's Executive Chairman bought shares at $0.81 each after the company named an interim CFO. Palatin Technologies saw a Director purchase shares at $2.12 each, subsequent to announcing promising results from a Phase 3 trial for a dry eye disease treatment.
April 12, 2024 | 12:36 pm
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POSITIVE IMPACT
Palatin Technologies Director bought 6,000 shares at $2.12 each, following positive Phase 3 trial results for a dry eye disease treatment.
The insider purchase at Palatin Technologies, especially after positive trial results, could signal to investors a strong belief in the company's future prospects and potential for stock price appreciation.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Augusta Gold's Executive Chairman bought 5,000 shares at $0.81 each, following the appointment of an interim CFO.
The insider buying at Augusta Gold could be seen as a vote of confidence in the company's leadership and future, potentially stabilizing the stock in the short term.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
NEUTRAL IMPACT
Tecogen Director acquired 1,000 shares at $0.70 each, after reporting a quarterly revenue of $5.9 million and a net loss of $1.8 million.
The insider purchase at Tecogen might reflect a belief in recovery or undervaluation, despite the reported net loss, which could stabilize the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70