Anixa Biosciences And 3 Other Stocks Under $5 Insiders Are Buying
Portfolio Pulse from Avi Kapoor
The article highlights recent insider transactions for penny stocks, including ARCA biopharma, Anixa Biosciences, Lifeloc Technologies, and Cyanotech. Insider buying can indicate confidence in the company's prospects.
July 29, 2024 | 11:13 am
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POSITIVE IMPACT
ARCA biopharma's 10% owner, Janus Henderson Biotech Innovation Master Fund Ltd, bought 220,083 shares at $3.18 each, totaling $699,165. This insider buying follows a Q1 loss of 14 cents per share.
The significant insider purchase suggests confidence in the company's future, which could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Anixa Biosciences' Director Arnold M Baskies acquired 5,000 shares at $3.09 each, totaling $15,450. This follows FDA approval for a second dose of its CAR-T therapy.
The insider purchase, coupled with positive FDA news, indicates strong confidence in the company's prospects, likely boosting the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100