Pineapple Financial And 2 Other Stocks Under $5 Insiders Are Buying
Portfolio Pulse from Avi Kapoor
Insiders are buying shares of Retractable Technologies, Pineapple Financial, and Cyanotech, indicating their confidence in these companies despite recent financial challenges.
July 19, 2024 | 6:01 pm
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POSITIVE IMPACT
Cyanotech's Director bought 10,000 shares at $0.58 each, with net sales remaining relatively flat year-over-year.
The Director's purchase suggests confidence in the company's stability, which could positively influence the stock price in the short term.
CONFIDENCE 88
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Pineapple Financial's CEO acquired 2,000 shares at $0.97 each, following a third-quarter loss of 12 cents per share.
The CEO's purchase indicates confidence in the company's prospects, which could lead to a positive short-term impact on the stock price despite recent losses.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Retractable Technologies' President and CEO bought 12,710 shares at $1.13 each, despite a recent decline in quarterly sales.
The CEO's purchase of shares suggests confidence in the company's future, which could positively impact the stock price in the short term despite recent sales declines.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100