Insiders Buying Walt Disney And 2 Other Stocks
Portfolio Pulse from Avi Kapoor
Insiders have recently purchased shares in Walt Disney, ZoomInfo Technologies, and Groupon, indicating their confidence in these companies. Notable trades include Disney's Director buying $999,994 worth of shares, ZoomInfo's CEO acquiring $12.7 million worth of shares, and Groupon's Director purchasing $159,150 worth of shares.
August 12, 2024 | 11:51 am
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Disney's Director Calvin McDonald bought 11,756 shares at an average price of $85.06, totaling around $999,994. This insider purchase follows Disney's upbeat quarterly earnings report on Aug. 7.
The insider purchase by a Disney Director, combined with the recent positive earnings report, suggests confidence in the company's future performance, likely leading to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Groupon's Director Jason Harinstein acquired 15,000 shares at an average price of $10.61, totaling around $159,150. This follows the company's Q2 loss reported on July 30.
The insider purchase by a Groupon Director suggests confidence in the company's recovery prospects despite the recent Q2 loss, potentially leading to a short-term positive impact on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
ZoomInfo Technologies' CEO Henry Schuck acquired 1,500,000 shares at an average price of $8.49, totaling around $12.7 million. This follows the company's worse-than-expected Q2 financial results and a management transition.
The significant insider purchase by the CEO indicates strong confidence in the company's future, which may help mitigate the negative sentiment from the poor Q2 results and management transition, leading to a potential short-term positive impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100