GEE Group And 2 Other Stocks Under $3 Insiders Are Buying
Portfolio Pulse from Avi Kapoor
The article highlights recent insider transactions for three penny stocks: Nephros, Presidio Property Trust, and GEE Group. Insider buying can indicate confidence in the company's prospects.
May 31, 2024 | 11:28 am
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POSITIVE IMPACT
Nephros Director Arthur H Amron bought 5,000 shares at $2.24 each, totaling $11,176. The company recently posted a narrower-than-expected quarterly loss.
Insider buying often signals confidence in the company's future. Coupled with a narrower-than-expected loss, this could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
GEE Group Director John Randall Waterfield acquired 250,000 shares at $0.36 each, totaling $89,831. The company posted weaker-than-expected quarterly sales.
Insider buying is a positive indicator, but the weaker-than-expected sales may offset this, leading to a neutral short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Presidio Property Trust CEO Jack Kendrick Heilbron acquired 10,300 shares at $0.80 each, totaling $8,257. The company reported a net loss of $5.8 million for Q1 2024.
While insider buying is a positive signal, the significant net loss reported for Q1 2024 may neutralize the short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80