Butterfly Network And 2 Other Stocks Under $5 Insiders Are Buying
Portfolio Pulse from Avi Kapoor
Insiders are buying shares of Butterfly Network, Nine Energy Service, and Custom Truck One Source, indicating their confidence in these companies despite recent mixed financial results.
August 08, 2024 | 11:51 am
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POSITIVE IMPACT
President and CEO Joseph Devivo acquired 104,000 shares of Butterfly Network at $0.95 each, totaling around $98,519. The insider purchase follows better-than-expected Q2 results, indicating strong confidence in the company's future.
The insider purchase, coupled with better-than-expected Q2 results, suggests strong confidence in the company's future, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
President of Rentals Thomas R. Rich acquired 26,200 shares of Custom Truck One Source at $3.84 each, totaling around $100,653. Despite worse-than-expected Q2 results, this insider purchase may indicate confidence in the company's future.
The insider purchase suggests confidence in the company's future, which could positively impact the stock price in the short term despite recent poor financial results.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
10% owner William Monroe bought 470,362 shares of Nine Energy Service at $1.58 each, totaling around $744,019. Despite recent downbeat quarterly results, this insider purchase may indicate confidence in the company's future.
The significant insider purchase suggests confidence in the company's future prospects, which could positively impact the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80