$4M Bet On This Health Care Stock? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Avi Kapoor
The article highlights notable insider trades in three companies: DENTSPLY SIRONA, CARGO Therapeutics, and Wintrust Financial. Insider purchases often indicate confidence in the company's prospects. DENTSPLY SIRONA's director bought shares worth around $99,976, CARGO Therapeutics' 10% owner acquired shares worth $5 million, and Wintrust Financial's director bought shares worth $29,489.
June 04, 2024 | 1:11 pm
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POSITIVE IMPACT
CARGO Therapeutics' 10% owner Srinivas Akkaraju acquired 294,000 shares at an average price of $17.00, costing around $5 million. This significant insider purchase suggests strong confidence in the company's future.
A large insider purchase by a significant shareholder is a strong indicator of confidence in the company's future, likely leading to positive short-term price movement.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Wintrust Financial's director, founder, and senior advisor Edward J Wehmer bought 1,197 shares at an average price of $24.64, costing around $29,489. This insider purchase indicates confidence in the company's prospects.
Insider purchases are generally viewed positively, suggesting that those with inside knowledge believe in the company's future prospects.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
DENTSPLY SIRONA's director Gregory T Lucier acquired 3,577 shares at an average price of $27.95, costing around $99,976. This insider purchase indicates confidence in the company's prospects.
Insider purchases are often seen as a positive signal, indicating that those with the most knowledge of the company believe in its future prospects.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80