Insiders Buying Norfolk Southern And 3 Other Stocks
Portfolio Pulse from Avi Kapoor
Insiders have recently purchased shares in Citi Trends, Norfolk Southern, SLM Corporation, and Leggett & Platt, indicating confidence in these companies' prospects. Insider buying can signal a good opportunity to go long on these stocks.
June 05, 2024 | 12:52 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
10% owner Pleasant Lake Partners LLC acquired 32,508 shares of Citi Trends at an average price of $24.69, costing around $802,617. This follows mixed Q1 results and a revised full-year 2024 outlook.
The significant insider purchase suggests confidence in the company's future, which could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
EVP – General Counsel Jennifer Joy Davis bought 1,985 shares of Leggett & Platt at an average price of $12.50, costing around $24,812. This follows the appointment of Karl Glassman as President and CEO.
The insider purchase and recent leadership change indicate confidence in the company's direction, which could positively impact the stock price.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 80
POSITIVE IMPACT
Director Sameh Fahmy acquired 2,000 shares of Norfolk Southern at an average price of $222.18, costing around $444,355. This follows an agreement to resolve federal East Palestine derailment claims and investigations.
The insider purchase indicates confidence in the company's resolution of legal issues, which could positively impact the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Director Richard Scott Blackley bought 11,702 shares of SLM Corporation at an average price of $21.31, costing around $249,378. This follows a Buy rating and increased price target from TD Cowen analyst.
The insider purchase, along with a positive analyst rating, suggests confidence in the company's future, likely boosting the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80