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Over $18M Bet On Asana? Check Out These 3 Stocks Insiders Are Buying

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Over $18M Bet On Asana? Check Out These 3 Stocks Insiders Are Buying

While U.S. stocks experienced a decline following the Fed’s rate decision, there are a few insider trades that are worth noting. When insiders buy shares, it shows their confidence in the company’s future or indicates that the stock is undervalued. While this shouldn’t be the sole factor in making investment decisions, it can certainly add conviction.

Asana: A Promising Investment

  • Director, President, CEO, & Chair Dustin Moskovitz of Asana, Inc. (NYSE: ASAN) recently acquired 1,015,000 shares at an average price of $18.04, totaling around $18.31 million.
  • Asana posted better-than-expected quarterly earnings, indicating positive momentum.
  • As a software company, Asana offers a work management platform that helps teams coordinate tasks and initiatives.

Calavo Growers: Ripe for Growth

  • Executive Vice President Michael A Browne of Calavo Growers, Inc. (NASDAQ: CVGW) purchased 1,200 shares at an average price of $28.15, costing around $33,776.
  • Calavo Growers reported strong quarterly earnings, signaling a prosperous future.
  • As a major player in the avocado industry, Calavo Growers provides value-added fresh food to various distributors and retailers.

Hepion Pharmaceuticals: A Promising Biopharmaceutical

  • Director Peter Wijngaard of Hepion Pharmaceuticals, Inc. (NASDAQ: HEPA) recently bought 3,000 shares at an average price of $5.61, totaling around $16,841.
  • Hepion Pharmaceuticals announced the appointment of Stephen Harrison, M.D. as Consultant Medical Director, indicating positive developments in the company.
  • Specializing in the development of drug therapy for chronic liver diseases, Hepion Pharmaceuticals is a biopharmaceutical firm.

Don’t miss out on our pre-market coverage and explore top financial stocks that may make notable gains this quarter. Remember, insider trades can provide valuable insights into the potential of a stock. Keep an eye on these companies as they continue to show promise in their respective industries.