Marchex And 4 Other Stocks Under $2 Insiders Are Buying
Portfolio Pulse from Avi Kapoor
Insiders have been buying shares of several penny stocks, including PodcastOne, BARK, Fathom Holdings, Sypris Solutions, and Marchex. These transactions may indicate confidence in the companies' prospects despite recent challenges.
June 06, 2024 | 11:26 am
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NEUTRAL IMPACT
BARK's Executive Chairman Matt Meeker acquired 38,461 shares at $1.39 each, costing around $53,530. The company recently reported worse-than-expected Q4 results and issued lower FY25 revenue guidance.
The insider purchase shows some confidence, but the recent poor financial results and lower revenue guidance may neutralize the positive impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Fathom Holdings' Director Scott N Flanders acquired 12,648 shares at $1.74 each, costing around $22,049. The company recently appointed Jon Gwin as its new COO.
The insider purchase and the appointment of a new COO suggest positive changes within the company, likely leading to a short-term positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Marchex's CEO Edwin A Miller acquired 200,000 shares at $1.36 each, costing $272,000. The company recently posted downbeat quarterly sales.
The significant insider purchase by the CEO suggests strong confidence in the company's future, likely leading to a short-term positive impact on the stock price despite recent poor sales.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
PodcastOne's Director D Jonathan Merriman bought 48,839 shares at $1.93 each, costing around $93,641. The company recently raised its FY25 revenue guidance.
The insider purchase and raised revenue guidance suggest confidence in the company's future performance, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Sypris Solutions' Director Gary L Convis acquired 1,274 shares at $1.58 each, costing around $2,013. The company recently named Michael D. Sedgwick as VP and General Manager of Sypris Electronics.
The insider purchase and the appointment of a new executive suggest positive internal developments, likely leading to a short-term positive impact on the stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100