FlexShopper And 3 Other Stocks Under $5 Insiders Are Buying
Portfolio Pulse from Avi Kapoor
Insiders have been buying shares of four penny stocks: Harvard Bioscience, EZFill Holdings, Air Industries Group, and FlexShopper. These transactions may indicate confidence in the companies' prospects despite recent mixed financial results.
June 10, 2024 | 1:01 pm
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POSITIVE IMPACT
Air Industries Group President Luciano M Melluzzo bought 11,082 shares at $3.64 each, after the company reported better-than-expected Q1 sales.
The insider purchase aligns with strong quarterly sales, indicating confidence in the company's performance and likely boosting investor sentiment.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
EZFill Holdings 10% owner Michael D Farkas acquired 10,000 shares at $2.10 each, following a narrower loss for the first quarter.
The insider purchase suggests confidence in the company's direction, which could boost investor sentiment following a narrower quarterly loss.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
FlexShopper Director Howard Dvorkin acquired 75,346 shares at $1.10 each, following upbeat quarterly sales.
The large insider purchase following positive sales results suggests strong confidence in the company's future, likely boosting investor sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Harvard Bioscience CEO James W Green bought 20,000 shares at $3.07 each, despite the company posting weaker-than-expected quarterly sales.
The CEO's purchase indicates confidence in the company's future, which could positively influence investor sentiment despite recent weak sales.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80