Phio Pharmaceuticals And 2 Other Stocks Under $2 Insiders Are Buying
Portfolio Pulse from Avi Kapoor
Insiders are buying shares of CarParts.com, Phio Pharmaceuticals, and FlexShopper, indicating their confidence in these companies. Notable transactions include CarParts.com Director Jim Barnes buying 94,000 shares, Phio Pharmaceuticals CEO Robert J Bitterman acquiring 1,000 shares, and FlexShopper Director Howard Dvorkin purchasing 90,921 shares.
June 12, 2024 | 11:07 am
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FlexShopper Director Howard Dvorkin acquired 90,921 shares at $1.13 each, totaling $102,446. This follows the company's upbeat quarterly sales posted on May 13.
The director's purchase suggests confidence in the company's performance, especially following positive quarterly sales results.
CONFIDENCE 88
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Phio Pharmaceuticals CEO Robert J Bitterman acquired 1,000 shares at $0.74 each, totaling $740. This follows the company's filing for a mixed shelf of up to $100 million on May 17.
The CEO's purchase indicates confidence in the company's future, especially following a significant financial move like filing for a mixed shelf offering.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
CarParts.com Director Jim Barnes bought 94,000 shares at $1.10 each, totaling $103,400. This insider buying follows the company's downbeat quarterly results posted on May 7.
Insider buying often signals confidence in the company's future prospects. Despite recent downbeat quarterly results, the purchase by a director suggests a positive outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80