🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

5 hot insider trades: Redfin pops on big CEO buy | Pro Recap

Published 02/26/2023, 09:39 AM
Updated 02/26/2023, 10:53 AM
© Reuters.
COP
-
NWL
-
VPG
-
PI
-
RDFN
-

By Davit Kirakosyan

Investing.com -- Here is your Pro Recap of the biggest insider trades you may have missed on InvestingPro over the past week. Start your free 7-day trial to get this news first.

Redfin chief picks up more than $300K worth

Redfin (NASDAQ:RDFN) shares gained more than 3% on Wednesday after CEO, Glenn Kelman bought 35,335 shares, or over $300,000 worth, at $8.623.

Earlier this month, the company reported its Q4 results, with EPS/revenues coming in better than the Street estimates. Q1/23 revenue guidance also came in above expectations.

Following the results, several analysts raised their price targets on the company, including Goldman Sachs with a new price target of $5.00 (from $4.50), Oppenheimer with a new price target of $7.00 (from $3.20), and Piper Sandler with a new price target of $5.00 (from $3.00).

Shares closed the week with more than a 9% loss.

Impinj director buys some $2M in stock

Impinj (NASDAQ:PI) shares rose more than 3% on Friday after Director, Steve Sanghi, bought 16,700 shares, or nearly $2 million worth, at $119.70.

The company reported its Q4 results earlier this month, with both EPS and revenues beating the consensus estimates. For Q1/23, the company expects EPS of $0.30-$0.36, compared to the consensus of $0.32, and revenue of $82-85 million, compared to the consensus of $76.86 million.

Shares were down more than 3% for the week.

A trio of insider buys

ConocoPhillips (NYSE:COP) Director, R.A. Walker, bought 6,000 shares, or $627,000 worth, at $104.50.

The company missed on its Q4 EPS earlier this month.

Newell Brands (NASDAQ:NWL) shares gained more than 4% on Thursday after CFO, Mark Erceg, bought 66,700 shares, or nearly $1M worth, at $14.99.

Shares were down more than 2% for the week.

Vishay Precision Group (NYSE:VPG) shares rose more than 3% on Wednesday after Director, Wes Cummins, bought 25,000 shares, or more than $1M worth, at $42.37-$41.30.

InvestingPro | Be The First To Know

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.