Around $100M Bet On Zillow Group? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Avi Kapoor
Insiders have made notable purchases in Zillow Group, Fastenal, and Deluxe Corporation, indicating confidence in these companies. Zillow's Director acquired $99.97 million worth of shares following upbeat quarterly results. Fastenal's Director bought shares despite poor Q1 results. Deluxe's CEO purchased shares after better-than-expected earnings.
June 12, 2024 | 12:45 pm
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NEUTRAL IMPACT
Fastenal's Director Hsenghung Sam Hsu acquired $63,115 worth of shares despite the company posting worse-than-expected Q1 results, indicating a potential undervaluation.
The insider purchase despite poor earnings may indicate the director's belief in the company's long-term potential, but the immediate impact on the stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Deluxe Corporation's President and CEO Barry C McCarthy bought $52,777 worth of shares following better-than-expected quarterly earnings, showing confidence in the company's performance.
The insider purchase by the CEO following positive earnings results suggests confidence in the company's future, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Zillow Group's Director Jay C Hoag acquired $99.97 million worth of shares, signaling strong confidence in the company's future, especially after posting upbeat quarterly results.
The large insider purchase by a director, combined with recent positive earnings, suggests strong confidence in Zillow's future performance, likely boosting investor sentiment and short-term stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100