Ondas Holdings And 2 Other Stocks Under $2 Insiders Are Buying
Portfolio Pulse from Avi Kapoor
Insiders are buying shares of Qurate Retail, Ondas Holdings, and OPKO Health, indicating their confidence in these companies despite recent financial challenges.
May 24, 2024 | 11:29 am
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POSITIVE IMPACT
Ondas Holdings Director Joseph V Popolo acquired 100,000 shares at $0.78 each, following the company's in-line loss report for Q1 on May 15.
The director's purchase indicates confidence in the company's future, which could lead to a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
OPKO Health's 10% owner Frost Gamma Investments Trust bought 100,000 shares at $1.27 each, despite the company reporting worse-than-expected Q1 results on May 7.
The significant purchase by a major shareholder suggests confidence in the company's future, potentially leading to a positive short-term impact on the stock price.
CONFIDENCE 88
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Qurate Retail's President/CEO David Rawlinson bought 100,000 shares at $0.72 each, despite the company posting downbeat quarterly sales on May 8.
The CEO's purchase of a significant number of shares suggests confidence in the company's future, which could positively influence short-term stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100