$2.5M Bet On Shift4 Payments? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Avi Kapoor
Insiders have made notable purchases in Citi Trends, Shift4 Payments, and Team Inc, indicating confidence in these companies' prospects. Citi Trends saw a $1.12 million purchase by Pleasant Lake Partners, Shift4 Payments had a $2.51 million purchase by CEO Jared Isaacman, and Team Inc had a $73,036 purchase by Corre Horizon II Fund.
May 24, 2024 | 1:05 pm
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Pleasant Lake Partners LLC acquired 50,406 shares of Citi Trends at an average price of $22.27, totaling around $1.12 million. This insider purchase follows worse-than-expected Q4 financial results reported on March 19.
The significant insider purchase suggests confidence in the company's future despite recent poor financial results, which could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Shift4 Payments CEO Jared Isaacman acquired 39,135 shares at an average price of $64.04, totaling around $2.51 million. This follows the company's Q1 financial results and issued guidance on May 9.
The CEO's substantial purchase indicates strong confidence in the company's future, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Corre Horizon II Fund, LP acquired 10,353 shares of Team Inc at an average price of $7.05, totaling around $73,036. This follows the company's narrower adjusted loss for Q1 reported on May 14.
The insider purchase suggests confidence in the company's recovery, which could positively influence the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100