Super League Enterprise And 2 Other Stocks Under $2 Insiders Are Buying
Portfolio Pulse from Avi Kapoor
The article highlights recent insider transactions for three penny stocks: Super League Enterprise, aTyr Pharma, and Retractable Technologies. Insider buying can indicate confidence in the company's prospects.
July 25, 2024 | 1:12 pm
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NEUTRAL IMPACT
Retractable Technologies President and CEO Thomas J Shaw bought 8,788 shares at $1.09 each, totaling $9,579. The company recently posted a decline in quarterly sales.
While insider buying is a positive signal, the recent decline in quarterly sales may offset some of the optimism.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
aTyr Pharma Director Paul Schimmel acquired 100,000 shares at $1.85 each, totaling $184,613. HC Wainwright & Co. recently reiterated a Buy rating with a $35 price target.
The insider purchase, combined with a reiterated Buy rating and high price target, suggests strong confidence in the company's prospects.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Super League Enterprise Director Jeff Patrick Gehl bought 50,000 shares at $1.35 each, totaling $67,548. The company recently issued a mid-year update.
Insider buying often signals confidence in the company's future. The recent mid-year update could also provide positive momentum.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100