Around $3M Bet On This Energy Stock? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Avi Kapoor
The article highlights notable insider trades in Talos Energy, Vaccinex, and Darling Ingredients, indicating potential confidence in these companies' prospects. Insider purchases can signal a buying opportunity.
August 02, 2024 | 12:43 pm
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POSITIVE IMPACT
Darling Ingredients' EVP Chief Strategy Officer bought 2,532 shares at $39.37 each, costing around $99,685. The company recently reported a sustainable aviation fuel contract.
The insider purchase and recent contract announcement suggest positive developments, potentially leading to a short-term price increase.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Talos Energy's 10% owner acquired 250,000 shares at $11.40 each, costing around $2.9 million. This follows a Buy rating and $14 price target from Goldman Sachs.
The significant insider purchase and recent Buy rating from Goldman Sachs with a higher price target suggest positive sentiment and potential short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Vaccinex's 10% owner acquired 200,000 shares at $6.15 each, costing around $1.2 million. The company recently announced results of its SIGNAL-AD clinical trial.
The insider purchase and recent clinical trial results could indicate confidence in the company's future, potentially leading to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100