Neuronetics And 3 Other Stocks Under $3 Insiders Are Buying
Portfolio Pulse from Avi Kapoor
The article highlights recent insider transactions for four penny stocks: PodcastOne, Assertio Holdings, BigBear.ai Holdings, and Neuronetics. Insider buying can indicate confidence in the company's prospects. Notable transactions include significant share purchases by directors and executives of these companies.
June 07, 2024 | 11:48 am
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POSITIVE IMPACT
Assertio Holdings' Director Heather L Mason bought 25,000 shares at $0.97 each. The company recently reported inducement grants under NASDAQ Listing Rule 5635(c)(4).
The insider purchase indicates confidence in the company's prospects, which could positively impact the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
PodcastOne's Director D Jonathan Merriman bought 42,000 shares at $1.95 each. Analyst Barry Sine initiated coverage with a Buy rating and a $5 price target.
The insider purchase and positive analyst rating suggest confidence in the company's future, likely boosting short-term stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
BigBear.ai Holdings' Director Pamela Joyce Braden bought 140,939 shares at $1.49 each. The company recently reported worse-than-expected Q1 financial results.
Despite the insider purchase, the recent poor financial results may neutralize the positive impact on the stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 70
NEUTRAL IMPACT
Neuronetics' Director Robert Cascella bought 50,000 shares at $2.05 each. The company issued Q2 revenue guidance below estimates.
The insider purchase shows confidence, but the lower-than-expected revenue guidance may offset the positive impact on the stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 70