-Reuters
B. Riley Securities Upgrades iMedia Brands to Buy, Announces $5 Price Target
B. Riley Securities analyst Eric Wold upgrades iMedia Brands (NASDAQ:IMBI) from Neutral to Buy and announces $5 price target.
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When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.