Insiders putting their money where their mouth is, a sign they believe in the company’s future or see a bargain. This shows potential for stock growth. Insider buying isn’t everything, but can add conviction to a buying decision.
Check out these recent notable insider purchases. For more, visit Benzinga’s insider transactions platform.
Empire Petroleum
- A Bold Move: Empire Petroleum Corporation EP 10% owner Energy Evolution Master Fund Ltd bought 1,256,832 shares at $8.00 each, spending around $10.05 million.
- The Scoop: On Nov. 13, Empire Petroleum reported $10.3 million product revenue and a $2.7 million net loss for Q3.
- Empire’s Game: Empire Petroleum Corp explores and develops oil and natural gas in the USA.
Pulse Biosciences
- The Scoop: Director Robert Duggan of Pulse Biosciences, Inc. PLSE bought 220,267 shares at an average price of $9.35, spending about $2.06 million.
- The Buzz: Pulse Biosciences said it has received all regulatory approvals and completed activities to start its catheter ablation feasibility study.
- Pulse’s Role: Pulse Biosciences Inc innovates health with its patented Nano-Pulse Stimulation technology, using electrical energy pulses to selectively clear targeted cells.
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Howard Hughes Holdings
- The Purchase: Director William Ackman of Howard Hughes Holdings Inc. HHH bought 145,121 shares at an average price of $74.07, spending about $10.75 million.
- The Word: On Nov. 6, Howard Hughes posted strong results for Q3.
- Howard Hughes’ Business: Howard Hughes Holdings Inc owns, manages, and develops real estate across the USA.
Westrock Coffee
- The Trade: Director Joe T Ford of Westrock Coffee Company WEST bought 10,000 shares at an average price of $9.25, spending approximately $92,500.
- The Buzzkill: On Nov. 9, Westrock Coffee reported lower-than-expected Q3 sales and issued guidance.
- Westrock’s Role: Westrock Coffee Co is a leading coffee, tea, and ingredients provider in the U.S, catering to various industries worldwide.
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