Comstock And 2 Other Stocks Under $2 Insiders Are Buying
Portfolio Pulse from Avi Kapoor
The article discusses recent insider transactions for three penny stocks: Comstock Inc. (NYSE: LODE), Veru Inc. (NASDAQ: VERU), and Tecogen Inc. (OTC: TGEN). Insiders buying shares can indicate confidence in the company's prospects.
May 29, 2024 | 12:34 pm
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NEUTRAL IMPACT
Veru Inc.'s Chief Corporate Officer acquired 4,000 shares at $1.25 each. This follows a wider-than-expected quarterly loss reported on May 8.
While insider buying is a positive signal, the recent wider-than-expected quarterly loss may offset this, leading to a neutral short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Comstock Inc.'s Chief Engineering Officer bought 25,000 shares at $0.25 each. Additionally, the company announced a private placement of 1.25 million restricted shares at $0.40/share to the Chairman & CEO.
Insider buying and a private placement at a higher price suggest confidence in the company's future prospects, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100