Home Market News Small Caps Around $19M Bet On Westrock Coffee? Check Out These 3 Stocks Insiders Are Buying

Around $19M Bet On Westrock Coffee? Check Out These 3 Stocks Insiders Are Buying

0
Around $19M Bet On Westrock Coffee? Check Out These 3 Stocks Insiders Are Buying

When insiders buy shares, it’s a strong indication of their confidence in the company. It’s like getting a tip from someone in the know. So, let’s take a look at three recent insider purchases that caught our attention.

Westrock Coffee: A Cup of Confidence

  • The Trade: Westrock Coffee Company (NASDAQ: WEST) Director Michael Boylan recently acquired 1,876,688 shares at an average price of $10.00, totaling around $18.77 million.
  • What’s Happening: Westrock Coffee recently reported weaker-than-expected second-quarter results.
  • What Westrock Coffee Does: Westrock Coffee is a U.S.-based company that specializes in coffee, tea, flavors, extracts, and ingredients. They provide a range of services to retail, foodservice, restaurant, and hospitality industries around the world.

Ambrx Biopharma: Investing in Innovation

  • The Trade: Ambrx Biopharma Inc. (NASDAQ: AMAM) 10% owner Cormorant Private Healthcare Fund III LP recently acquired 2,152,738 shares at an average price of $9.12, totaling around $19.63 million.
  • What’s Happening: Cantor Fitzgerald reaffirmed their positive outlook on Ambrx Biopharma and maintained a $25 price target.
  • What Ambrx Biopharma Does: Ambrx Biopharma is a biologics company focused on developing precision biologics using advanced genetic code technology. Their innovative products have the potential to revolutionize the healthcare industry.

Frontier Communications Parent: Connecting Communities

  • The Trade: Frontier Communications Parent, Inc. (NASDAQ: FYBR) 10% owner Ares Partners Holdco LLC recently acquired 100,000 shares at an average price of $14.79, totaling around $1.48 million.
  • What’s Happening: JP Morgan maintained their positive rating on Frontier Communications and adjusted the price target.
  • What Frontier Communications Parent Does: Frontier Communications Parent provides a range of communication services to residential and business customers. Their reliable network infrastructure supports video, internet, voice, and digital protection solutions.

Want more insights? Check out our premarket coverage here.

Keep an eye on these stocks as insider purchases can often be a harbinger of success. Remember, this information is just one piece of the puzzle when making investment decisions. Happy investing!