More than $24M Bet On PBF Energy? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Avi Kapoor
Insiders have made significant purchases in Domo, PBF Energy, and Talos Energy, indicating confidence in these companies' prospects. Notable trades include $2.72M in Domo, $24.7M in PBF Energy, and $3.24M in Talos Energy.
June 24, 2024 | 12:25 pm
News sentiment analysis
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POSITIVE IMPACT
Domo's Director acquired 400,000 shares at an average price of $6.79, costing around $2.72 million. This insider purchase, along with a reiterated Market Outperform rating and $16 price target from JMP Securities, suggests confidence in the company's future.
The significant insider purchase and positive analyst rating indicate strong confidence in Domo's future performance, likely leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
PBF Energy's 10% owner acquired 565,500 shares at an average price of $43.67, costing around $24.7 million. With upcoming earnings results on August 1, this insider purchase signals strong confidence in the company's performance.
The large insider purchase ahead of the earnings release suggests strong confidence in PBF Energy's upcoming performance, likely leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Talos Energy's 10% owner acquired 300,000 shares at an average price of $10.80, costing around $3.24 million. Benchmark analyst reiterated a Buy rating with a $20 price target, indicating strong confidence in the company's future.
The significant insider purchase and positive analyst rating suggest strong confidence in Talos Energy's future performance, likely leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100