$176M Bet On Occidental Petroleum? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Avi Kapoor
Insider trades indicate confidence in Occidental Petroleum, Beyond Inc., and Matador Resources. Warren Buffett acquired $175.98M worth of Occidental shares, Marcus Lemonis bought $50,468 worth of Beyond shares, and Bryan A Erman purchased $97,825 worth of Matador shares. These trades suggest potential opportunities for investors.
June 18, 2024 | 1:20 pm
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Marcus Lemonis acquired 3,700 shares of Beyond Inc. at an average price of $13.64, totaling $50,468. This insider purchase comes amid structural leadership changes in the company.
The insider purchase by Marcus Lemonis, coupled with recent leadership changes, suggests potential positive developments for Beyond Inc., likely leading to a short-term positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Bryan A Erman acquired 1,750 shares of Matador Resources at an average price of $55.90, totaling $97,825. This purchase follows Matador's announcement of a $1.905 billion acquisition of oil and gas properties.
The insider purchase by Bryan A Erman, along with Matador's significant acquisition, indicates strong growth prospects for the company, likely leading to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Warren E Buffett acquired 2,947,611 shares of Occidental Petroleum at an average price of $59.70, totaling $175.98 million. This significant insider purchase indicates strong confidence in the company's prospects.
Warren Buffett's large purchase of Occidental Petroleum shares suggests a strong belief in the company's future performance, likely boosting investor confidence and positively impacting the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100