$55M Bet On Archer Aviation? Check Out These 3 Penny Stocks Insiders Are Aggressively Buying
Portfolio Pulse from Avi Kapoor
Insiders are aggressively buying shares of Allied Gaming & Entertainment, Archer Aviation, and Tempest Therapeutics. Notable transactions include a $55 million investment in Archer Aviation by SFS UK 1 LTD, a $456,750 purchase in Allied Gaming & Entertainment by Knighted Pastures LLC, and a $9,951 purchase in Tempest Therapeutics by Chief Medical Officer Samuel Whiting.
July 05, 2024 | 3:02 pm
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POSITIVE IMPACT
SFS UK 1 LTD acquired 17,401,153 shares of Archer Aviation at $3.16 each, totaling $55 million. This follows a recent flight test milestone and additional investment from Stellantis.
The large insider purchase and additional investment from Stellantis indicate strong confidence in Archer Aviation's future, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Knighted Pastures LLC bought 360,000 shares of Allied Gaming & Entertainment at $1.27 each, totaling $456,750. This insider purchase indicates confidence in the company's future.
The significant insider purchase by a 10% owner suggests strong confidence in the company's prospects, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Chief Medical Officer Samuel Whiting bought 4,672 shares of Tempest Therapeutics at $2.13 each, totaling $9,951. This follows the announcement of data from a Phase 1b/2 clinical study.
The insider purchase by the Chief Medical Officer following positive clinical study data suggests confidence in the company's prospects, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70