Over $2M Bet On Petco Health and Wellness? Check Out These 4 Stocks Under $5 Insiders Are Aggressively Buying
Portfolio Pulse from Avi Kapoor
The article highlights notable insider transactions for penny stocks, including Fathom Holdings, Petco Health and Wellness, VirnetX Holding, and Vivakor. These transactions indicate insider confidence in these companies.
May 30, 2024 | 1:03 pm
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POSITIVE IMPACT
Fathom Holdings Director Scott N Flanders bought 3,766 shares at $1.71 each, totaling $6,428. The company recently appointed Jon Gwin as COO.
The insider purchase and the appointment of a new COO suggest confidence in the company's future, likely boosting short-term stock prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
VirnetX Holding President and CEO Kendall Larsen acquired 1,000 shares at $4.14 each, totaling $4,144. The company recently established an advisory board with retired senior U.S. Air Force leaders.
The insider purchase and the establishment of a new advisory board suggest positive developments, likely leading to a short-term boost in stock prices.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Vivakor CEO James H. Ballengee acquired 87,402 shares at $1.29 each, totaling $113,143. The company recently regained compliance with Nasdaq Minimum Bid Price Requirement.
The insider purchase and regaining Nasdaq compliance indicate positive sentiment, likely leading to a short-term increase in stock prices.
CONFIDENCE 88
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Petco Health and Wellness Director Cameron Breitner acquired 750,000 shares at $3.14 each, totaling $2.35 million. The company posted better-than-expected Q1 results.
The significant insider purchase and strong Q1 results indicate high confidence in the company's performance, likely leading to a positive short-term impact on stock prices.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90