Insiders Favor These 3 Prominent Growth Stocks

As the stock market continues to navigate a volatile landscape, investors are always on the lookout for promising growth opportunities. One way to identify these opportunities is by examining the actions of insiders, who often have a deep understanding of their companies' prospects. In this article, we'll explore three prominent growth stocks that have caught the attention of insiders, based on their recent buying activity.



1. Iovance Biotherapeutics Inc (IOVA)
- Three insiders have bought net $65.19 million worth of shares in the last 90 days, equating to 8.57% of the total float.
- The average purchase price was $6.50, which gives an average return of 7.71% based on the recent closing price.
- Insiders' confidence in the company's prospects is evident in their significant investment in the stock.

2. Precigen Inc (PGEN)
- Five net insiders have bought $20.16 million worth of PGEN shares over the last 90 days, representing 8.86% of the total float.
- The average purchase price of the shares paid was $1.75, and the insiders are down 31.4% based on the average purchase price.
- Despite the recent decline in share price, insiders continue to buy shares, indicating their belief in the company's long-term potential.



3. Eterna Therapeutics Inc (ERNA)
- Three net insiders buying stock in the last 90 days have bought a whopping 26.78% of the total float at an average purchase price of $3.28 per share as part of a recent equity raising that was announced in November.
- Based on the average purchase price, these insiders have made an 11.3% return.
- The significant insider buying, coupled with the equity raising, suggests that insiders are bullish on the company's future prospects.



While insiders' actions can provide valuable insights into a company's prospects, it's essential to consider the context and reasons behind these actions. Additionally, investors should conduct thorough research and analysis before making any investment decisions. By staying informed and keeping an eye on insider activity, investors can enhance their chances of identifying promising growth opportunities in the stock market.