Over $12M Bet On PBF Energy? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Avi Kapoor
Insiders have made significant purchases in PBF Energy, GeneDx Holdings, and Northwest Bancshares, indicating confidence in these companies' prospects. PBF Energy's 10% owner acquired $12.6 million worth of shares, GeneDx Holdings' director bought $2.76 million worth of shares, and Northwest Bancshares' director purchased $128,166 worth of shares.
June 06, 2024 | 12:59 pm
News sentiment analysis
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NEUTRAL IMPACT
Northwest Bancshares' director bought 12,000 shares at an average price of $10.68, totaling $128,166. The company posted in-line quarterly earnings on April 22.
The insider purchase is relatively small, and the company posted in-line earnings, suggesting a neutral short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
PBF Energy's 10% owner acquired 279,000 shares at an average price of $45.17, totaling $12.6 million. This follows better-than-expected quarterly earnings reported on May 2.
The significant insider purchase and recent strong earnings report suggest positive sentiment and potential for short-term price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
GeneDx Holdings' director acquired 130,000 shares at an average price of $21.21, totaling $2.76 million. This follows better-than-expected first-quarter financial results reported on May 1.
The insider purchase and strong financial results indicate confidence in the company's future, likely leading to short-term price gains.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100