Investors should always be on the lookout for insights that could give them an edge in the stock market, and one potential source of such information is insider buying activity. When company insiders, such as executives or board members, buy shares of a company’s stock, it can be seen as a vote of confidence in the company’s prospects. Publicly available insider buying information can provide valuable clues about which stocks may be worth considering for investment.
Here are three stocks recently purchased by C-level insiders –
TXO Partners L.P. – SYM: TXO
Recent Price: $18.35
Insider Action: 6 insiders buy $8.9 mil in shares
Description: TXO Partners L.P. focuses on the acquisition, development, optimization, and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. Its acreage positions are concentrated in the Permian Basin of West Texas and New Mexico and the San Juan Basin of New Mexico and Colorado.
Missed the Meteoric Rise of NVIDIA? Do This…
You’ve heard the buzz about ChatGPT and Nvidia, right? A.I. activity is off the charts…since last October, the price of Nvidia is up over 250%. What makes A.I. different – so much bigger than anything that’s come before it – is the sheer power of the technology itself. And now, legendary quant experts Andy and Landon Swan say we’re on the verge of a MONSTER breakout in A.I. It’s a tiny sub $5 stock they believe could become the No. 1 A.I.-powered stock of the decade.
Hyliion Holdings Corp. – SYM: HYLN
Recent Price: $0.63
Insider Action: 4 insiders buy $243K in shares
Description: Hyliion Holdings Corp. designs, develops, and sells electrified powertrain solutions for the commercial vehicle industry. It offers battery management systems for hybrid and fully electric vehicle applications; and battery packs. The company was founded in 2015 and is headquartered in Cedar Park, Texas.
This stock checks all the boxes. Pays a high dividend (8%), has a record of increasing that yield (an average of 37.5% throughout company history), and is set up perfectly to profit from continued Fed rate hikes.
Click here for the name and ticker of the my top dividend stock on the market right now.
Energy Recovery, Inc. – SYM: ERII
Recent Price: $19.42
Insider Action: 4 insiders buy $401K in shares
Description: Energy Recovery, Inc., together with its subsidiaries, designs, manufactures, and sells various solutions for the seawater reverse osmosis desalination and industrial wastewater treatment industries worldwide. The company operates through Water and Emerging Technologies segments. It offers a suite of products, including energy recovery devices, and high-pressure feed and recirculation pumps; hydraulic turbochargers and boosters; and spare parts, as well as repair, field, and commissioning services. The company also offers a solution to reduce energy consumption in natural gas processing and in refrigeration systems that use carbon dioxide. It provides its products under the ERI, PX, Pressure Exchanger, PX Pressure Exchanger, Ultra PX, PX G, PX G1300, PX PowerTrain, AT, and Aquabold brands to large engineering, procurement, and construction firms; end-users and industry consultants; original equipment manufacturers; and aftermarket customers. The company was incorporated in 2001 and is headquartered in San Leandro, California.