More Than $20M Bet On Precigen? Check Out These 3 Stocks Under $5 Insiders Are Aggressively Buying
Portfolio Pulse from Avi Kapoor
The article highlights significant insider transactions in three penny stocks: Precigen, Brightcove, and Xeris Biopharma. Notable purchases include $20 million worth of shares in Precigen by Director Randal J Kirk, 50,000 shares in Brightcove by 10% owner Jonathan Brolin, and 4,515 shares in Xeris Biopharma by Director John P. Schmid. These transactions indicate insider confidence in these companies.

August 14, 2024 | 12:57 pm
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10% owner Jonathan Brolin acquired 50,000 shares of Brightcove at $2.00 each, costing around $99,900. This insider purchase follows the company's upbeat quarterly results.
The insider purchase by a significant shareholder, combined with recent positive quarterly results, is likely to boost investor confidence and short-term stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Director Randal J Kirk bought 23,529,411 shares of Precigen at $0.85 each, totaling around $20 million. This significant insider purchase indicates strong confidence in the company's future prospects.
The large insider purchase by a director suggests strong confidence in Precigen's future, likely boosting investor sentiment and short-term stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Director John P. Schmid acquired 4,515 shares of Xeris Biopharma at $2.25 each, totaling around $10,147. This purchase comes after the company reported better-than-expected Q2 results and raised FY24 revenue guidance.
The insider purchase, coupled with strong financial results and raised revenue guidance, is likely to positively impact investor sentiment and short-term stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70