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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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
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