$20M Bet On This Energy Stock? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Avi Kapoor
The article highlights notable insider trades in three companies: Talos Energy, Appian, and Perrigo. Insider purchases often indicate confidence in the company's prospects. Talos Energy saw a significant purchase despite a wider-than-expected quarterly loss. Appian's director made a purchase following worse-than-expected earnings. Perrigo's EVP bought shares after the company posted upbeat quarterly earnings.
June 03, 2024 | 12:33 pm
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POSITIVE IMPACT
Appian's Director acquired 11,000 shares at $28.00 each, costing around $308,000. This purchase follows the company reporting worse-than-expected quarterly earnings.
The insider purchase suggests confidence in Appian's long-term potential, which may help stabilize or boost the stock price despite recent earnings disappointments.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Perrigo's EVP & President CHCI bought 1,000 shares at $27.90 each, costing around $27,900. This purchase comes after the company posted upbeat quarterly earnings.
The insider purchase, coupled with positive earnings, indicates strong confidence in Perrigo's performance, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 88
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Talos Energy's 10% owner acquired 1,750,000 shares at $11.46 each, costing around $20.05 million. This purchase comes despite the company posting a wider-than-expected quarterly loss.
The significant insider purchase indicates strong confidence in Talos Energy's future prospects, which could positively impact the stock price despite recent earnings challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100