Insiders Buying Barnes & Noble Education And 2 Other Stocks
Portfolio Pulse from Avi Kapoor
Insiders have recently purchased shares in Barnes & Noble Education, Culp, and Zevra Therapeutics, indicating confidence in these companies' prospects. Notable trades include 18,000 shares of BNED, 22,978 shares of CULP, and 10,000 shares of ZVRA.
July 17, 2024 | 1:08 pm
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POSITIVE IMPACT
Barnes & Noble Education Director Eric Singer acquired 18,000 shares at $8.15 each, signaling confidence in the company's prospects.
Insider buying often indicates confidence in the company's future performance. The purchase by a director suggests a positive outlook for BNED.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Culp's 10% owner 22NW GP, Inc. acquired 22,978 shares at $5.12 each, despite recent downbeat quarterly sales.
The insider purchase suggests that the owner believes the stock is undervalued or expects future improvements, despite recent poor sales performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Zevra Therapeutics Director Thomas Anderson bought 10,000 shares at $6.81 each, following a reiterated Buy rating and $15 price target from HC Wainwright & Co.
The insider purchase, combined with a reiterated Buy rating and a high price target, indicates strong confidence in the company's future performance.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 100