Over $4M Bet On ProFrac Holding? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Avi Kapoor
Insiders have made significant purchases in ProFrac Holding Corp., Global Partners LP, and GeneDx Holdings Corp., indicating confidence in these companies' prospects. ProFrac's Dan H. Wilks acquired 460,000 shares, Global Partners' Global GP LLC acquired 30,000 shares, and GeneDx's Casdin Partners bought 170,000 shares.
May 29, 2024 | 11:56 am
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ProFrac Holding Corp.'s 10% owner Dan H. Wilks acquired 460,000 shares at an average price of $9.41, costing around $4.33 million. This insider purchase indicates confidence in the company's future prospects.
The significant insider purchase by a major shareholder suggests strong confidence in ProFrac Holding's future, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Global Partners LP's Global GP LLC acquired 30,000 shares at an average price of $44.72, costing around $1.34 million. Despite recent downbeat quarterly results, this insider purchase may indicate a belief in the company's recovery.
The insider purchase suggests confidence in Global Partners' potential recovery despite recent poor quarterly results, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
GeneDx Holdings Corp.'s 10% owner Casdin Partners FO1-MSV, LP bought 170,000 shares at an average price of $20.15, costing around $3.42 million. This follows better-than-expected first-quarter financial results.
The insider purchase following strong financial results indicates confidence in GeneDx Holdings' future, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100