Sypris Solutions And 3 Other Stocks Under $2 Insiders Are Buying
Portfolio Pulse from Avi Kapoor
The article highlights recent insider transactions for penny stocks, including PodcastOne, Phio Pharmaceuticals, Sypris Solutions, and Alset. Insider buying can indicate confidence in the company's prospects.
June 11, 2024 | 11:27 am
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POSITIVE IMPACT
Alset CEO Heng Fai Ambrose Chan acquired 6,753 shares at $1.11 each. The stock has gained around 128% over the past month.
The insider purchase and significant recent stock gain indicate strong momentum, likely continuing to drive the stock price up.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Phio Pharmaceuticals CEO Robert J Bitterman acquired 1,000 shares at $0.75 each. The company recently filed for a mixed shelf of up to $100 million.
The insider purchase and recent filing for a mixed shelf indicate potential growth and confidence, likely positively impacting the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
PodcastOne Director D Jonathan Merriman bought 18,000 shares at $1.86 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 80
RELEVANCE 100
POSITIVE IMPACT
Sypris Solutions Director Gary L Convis bought 15,000 shares at $1.68 each. The company recently appointed Michael D. Sedgwick as VP and General Manager of Sypris Electronics.
The insider purchase and new executive appointment suggest positive changes, likely boosting the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100