FlexShopper And 2 Other Stocks Under $3 Insiders Are Buying
Portfolio Pulse from Avi Kapoor
The article highlights recent insider transactions for three penny stocks: One Stop Systems, System1, and FlexShopper. Insider buying can indicate confidence in the company's prospects. Notable transactions include purchases by directors and major shareholders.
August 16, 2024 | 11:40 am
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POSITIVE IMPACT
FlexShopper Director Howard Dvorkin acquired 31,369 shares at $1.06 each, totaling $33,343. This follows a narrower-than-expected quarterly loss reported on Aug. 6.
The insider purchase by a director following a better-than-expected loss indicates confidence in the company's future, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 88
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
One Stop Systems Director Joseph M. Manko Jr bought 75,000 shares at $1.96 each, totaling $146,750. Despite recent worse-than-expected Q2 EPS results, this insider purchase may indicate confidence in the company's future.
The insider purchase by a director suggests confidence in the company's future despite recent poor earnings. This could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
System1's 10% owner Cee Holdings Trust acquired 19,491 shares at $1.08 each, totaling $20,982. The purchase follows upbeat quarterly earnings reported on Aug. 8.
The insider purchase by a major shareholder following positive earnings suggests confidence in the company's performance, likely boosting the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100