When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Gainers
RenovoRx, Inc. (NASDAQ: RNXT) shares jumped 128% to $12.41. The company, on Tuesday evening, made a presentation on intra-arterial chemotherapy as a potential innovative treatment for pancreatic cancer.
Perrigo Co (NYSE:PRGO) reported quarterly earnings of $0.45 per share. This is a 25 percent decrease over earnings of $0.60 per share from the same period last year. The company reported quarterly sales of $1.04 billion
Some of the stocks that may grab investor focus today are:
Wall Street expects Performance Food Group Company (NYSE: PFGC) to report quarterly earnings at $0.42 per share on revenue of $10.12 billion before the opening bell. Performance Food shares fell 1% to $45.90 in after-hours trading.