Although the closing bell rang higher for U.S. stocks on Wednesday, whispers abound of some intriguing insider trades.
When insiders dive into the market pool, it’s either a lifeguard-certified belief in the company’s future or a signal that the lifeguard blew his whistle on a bargain stock. Either way, the tide whispers of an opportunity, beckoning to float along with the insiders. However, one must understand that insider trades are akin to the fragrance of a cup of coffee – it can smell invigorating but doesn’t replace the actual taste test.
Behold, a glimpse into recent insider maneuvers. For further trawling, cast a glance at Benzinga’s insider transactions platform.
SunOpta
- The Scene: SunOpta Inc. STKL CEO Brian W Kocher ventured into 38,000 shares at an average price of
$6.65, totaling approximately $252,757. - The Plot Thickens: On Feb. 28, SunOpta displayed sunny quarterly results.
- What’s SunOpta’s Game: SunOpta Inc., a Canadian entity, specializes in a healthy smorgasbord of products.
89bio
- The Scene: 89bio, Inc. ETNB Director Rajeev Shah embraced a total of
1,350,000 shares at an average price of $15.35, whisking away a staggering $20.72 million. - The Plot Thickens: On Feb. 29, 89bio published a quarterly loss slightly wider than anticipated.
- What’s 89bio’s Game: 89bio Inc, a U.S. player, delves into clinical-stage biopharmaceuticals, dancing specifically
to the beat of treating liver and cardio-metabolic maladies.
IonQ
- The Scene: IonQ, Inc. IONQ Director Harry L. You added a slice of 115,000 shares at an average price of $9.28, with a monetary feast totaling around $1.07 million.
- The Plot Thickens: On Feb. 28, IonQ excited investors with second-quarter revenues of $6.11 million, trumping the street’s whispers of $5.76 million.
- What’s IonQ’s Game: IonQ Inc whistles the melody of quantum computing sales, offering various computer capacities melodically orchestrated and busy composing the future of galactic computational capabilities.
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