EVgo And 2 Other Stocks Under $5 Insiders Are Buying
Portfolio Pulse from Avi Kapoor
Insiders have recently bought shares in Fathom Holdings, EVgo, and Socket Mobile, indicating their confidence in these companies. Fathom Holdings posted downbeat quarterly results, while EVgo and Socket Mobile reported better-than-expected earnings.
May 15, 2024 | 12:38 pm
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POSITIVE IMPACT
EVgo's CEO and Director Badar Khan acquired 125,000 shares at $2.01 each following better-than-expected first-quarter earnings reported on May 7.
The insider purchase by the CEO following strong earnings suggests high confidence in the company's future performance, likely leading to positive short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Fathom Holdings' Director David C. Hood bought 15,000 shares at $1.51 each, despite the company posting downbeat quarterly results on May 9.
Insider buying often signals confidence in the company's future prospects. Despite the recent downbeat results, the insider purchase may indicate a belief in a potential turnaround or undervaluation.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Socket Mobile's Director Charlie Bass bought 10,000 shares at $1.33 each after the company reported better-than-expected quarterly sales on May 1.
The insider purchase following strong sales performance indicates confidence in the company's growth prospects, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85