A Strange Twist Is About to Hit the AI Market That Almost Nobody Sees Coming...

If you have any money in AI stocks right now, or if you're even thinking about it, you need to see what's going on. The truth is, the moves we've seen in tech and AI stocks over the last couple of months could be the start of something much bigger. That's why I've put together this special presentation with Wall Street legend, Charles Mizrahi.

Insiders Buying Zumiez And 3 Other Stocks

Avi Kapoor
April 09, 2024

Although U.S. stocks closed little changed on Monday, there were a few notable insider trades.

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.

Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform.

Semtech

  • The Trade: Semtech Corporation (NASDAQ:SMTC) EVP and CFO Mark Lin acquired a total of 1,000 shares an average price of $33.23. To acquire these shares, it cost around $33,232.
  • What’s Happening: On March 28, Semtech posted a loss for the fourth quarter.
  • What Semtech Does: Semtech Corp is engaged in designing, developing, manufacturing and marketing analog and mixed-signal semiconductors, algorithms and wireless semiconductors, connectivity modules, gateways, routers and connected services for IoT.

Greif

  • The Trade: Greif, Inc. (NYSE:GEF) Executive VP & General Counsel Gary R Martz acquired a total of 10,082 shares at an average price of $68.23. To acquire these shares, it cost around $687,932.
  • What’s Happening: On Feb. 28, Greif posted upbeat quarterly earnings.
  • What Greif Does: Greif Inc is a producer of industrial packaging products and services with manufacturing facilities located in many countries.

Don’t forget to check out our premarket coverage here

Zumiez

  • The Trade: Zumiez Inc. (NASDAQ:ZUMZ) President International Adam Christopher Ellis bought a total of 10,000 shares at an average price of $14.31. To acquire these shares, it cost around $143,100.
  • What’s Happening: On March 20, B. Riley Securities analyst Jeff Van Sinderen maintained Zumiez with a Neutral and lowered the price target from $19 to $16.
  • What Zumiez Does: Zumiez Inc is a United-States-based specialty retailer engaged in the sale of apparel, footwear, accessories, and hard goods.

AngioDynamics

  • The Trade: AngioDynamics, Inc. (NASDAQ:ANGO) President and CEO James C Clemmer bought a total of 10,000 shares at an average price of $6.70. The insider spent around $67,000 to buy those shares.
  • What’s Happening: On April 4, AngioDynamics received FDA 510(k) clearance For AlphaVac F1885 System For Pulmonary Embolism.
  • What AngioDynamics Does: AngioDynamics Inc designs manufactures, and sells medical, surgical, and diagnostic devices used by professional healthcare providers for the treatment of peripheral vascular disease and for use in oncology and surgical settings.

 

Check This Out:

 

Continue Reading...

Popular

Farmers are still reeling months after Hurricane Helene ravaged crops across the South

LYONS, Ga. (AP) — Twisted equipment and snapped tree limbs still litter Chris Hopkins’ Georgia farm more than two months after made its deadly march across the South.

There's Only ONE AI Company That Matters - Ad

It's not Nvidia, AMD, IBM, or any new startup. It's not even an artificial intelligence company... yet it holds the key to the entire AI market. Get all the details of the critical technology that the entire AI sector needs to survive.

Micron Earnings: Will AI Growth Outweigh 'Choppy' Memory Market?

Analysts optimistic but cautious about Micron Technology Inc's Q1 earnings, citing challenges in NAND market but potential boost from AI.

Bipartisan Lawmakers Aim To Break Up Health Care Giants With New Legislation

Pharmacy-benefit managers (PBMs) have been scrutinized for their role in drug distribution for years. Now a bipartisan group of lawmakers is threatening to break up the companies behind these so-called drug middlemen.

Media Humiliated: Demo of Elon's Tech Proves They're Wrong - Ad

It's smaller than a quarter, but it could power Elon Musk's next AI revolution... A revolution he believes will be worth more than $9 trillion. Believe it or not, this device could even help put an extra $30k in your pocket every year outside of the markets.

Biden calls for ban on congressional stock trading

WASHINGTON (AP) — President endorsed a ban on congressional stock trading in an interview that’s being released this week, belatedly weighing in on an issue that has been debated on Capitol Hill for years.

How to bridge a retirement shortfall

If you want to get yourself thoroughly depressed, spend a little time looking at statistics about Americans’ retirement preparedness.

My TOP Altcoin for Right Now Is... - Ad

Searching for the top investment opportunity in crypto? Look no further. Our $3 report gives you the full scoop. You'll get this exciting token's name, our recommended investment strategy, and growth projections. Time is of the essence with this one...

Dogecoin Poised For 85% Surge As Whales Accumulate 130 Billion DOGE

Dogecoin (CRYPTO: DOGE) is hinting at a possible price surge in the wake of its remarkable rally.

Isak Andic, founder of Spanish fashion brand Mango, dies in accident, aged 71

BARCELONA, Spain (AP) — Isak Andic, the founder of Spanish fashion brand Mango, has died after suffering an accident, the company said on Saturday. He was 71.

Is This Defi Coin Your Next "10-Bagger" Investment? - Ad

Our #1 pick in decentralized finance is largely overlooked by mainstream investors (for now). This governance token could skyrocket as DeFi adoption surges with the smart money and institutions.

US senator says mysterious drones spotted in New Jersey region should be 'shot down, if necessary'

A U.S. senator has called for spotted flying over sensitive areas in New Jersey and other parts of the Mid-Atlantic region to be “shot down, if necessary,” as it remains unclear who owns them.

"This Will Be Worse Than the Great Depression, the Dot-Com Crash, and the 2008 Crisis Combined" - Ad

According to Dan Ferris, who has predicted nearly every major market crisis of the last 25 years, a new crisis in the US economy could soon cost you 50% of your portfolio or more if you don't prepare your wealth now. Especially if you're sitting on large gains.

Miami judge approves bail for wealthy Alexander twins in state rape case

WEST PALM BEACH, Fla. (AP) — A judge in Miami granted bail Friday to a prominent real estate broker and his twin brother, who are facing . However, they won't be released from custody while facing a separate federal sex trafficking case with another brother.

5 Military Stocks to Invest In - Ad

As violence spreads across the globe will you stay on the sidelines? We can't stop war, but you can win from it. These 5 military growth stocks could potentially build your personal wealth during global turmoil. Historically, similar stocks have seen growth of up to 16,270% in just 18 months.

Time Magazine's "Armageddon Man" Goes Rogue - Ad

He's worked side-by-side with Warren Buffett, Alan Greenspan, Ron Paul and Jim Rickards... and he's written several #1 best-selling investment books. Now he's sharing the most exciting opportunity of his three-decade-career. Early investors can target up to 10X returns in 2 years from a play NOBODY else is talking about.

Robinhood Markets Grows Into 'Best-In-Class' Brokerage, Analyst Says

Analysts have updated coverage and raised price targets on Robinhood Markets after the company hosted its first investor day on Wednesday and showed significant growth across customers, assets under custody and trading volumes.

EPA awards $144 million to California to phase out big diesel trucks

SAN FRANCISCO (AP) — The Environmental Protection Agency is awarding $144 million in grants to fund 13 projects in California to help the state wean off fossil fuels and phase out big rigs that run on diesel.

Did You See Trump's Bombshell Exec. Order 001? - Ad

Biden broke it... Now Trump is going to fix it. Starting with "Exec. Order 001." It's a bombshell law that Trump could sign within minutes of stepping into the Oval Office... And it will instantly set off the most sweeping government technology project in 80 years... The most lucrative, too...

Companies tighten security after a health care CEO's killing leads to a surge of threats

“Wanted” posters with the names and faces of health care executives have been popping up on the streets of New York. Hit lists with images of bullets are circulating online with warnings that industry leaders should be afraid.

Shiba Inu Burn Rate Skyrockets 515.33% - Will The Price Increase?

The burn rate of the meme cryptocurrency, Shiba Inu (CRYPTO: SHIB), has surged by a whopping 515.33%. This data comes from the widely used transaction tracker Shibburn.

Elon Musk: "The Government Is Out of Control." - Ad

Elon Musk says the government is going bankrupt. Seniors are getting crushed by inflation. But there is a way you could claim a chunk of over $1 trillion in spending, courtesy of Elon Musk.

Mesoblast's Cell Therapy Treatment For Graft Versus Host Disease Gets FDA Approval, Stock Surges

Mesoblast's Ryoncil is now FDA-approved for pediatric SR-aGvHD, marking a milestone in mesenchymal stromal cell therapies in the U.S.

What's Going On With KULR Technology Stock Wednesday?

KULR shares are trading higher on Wednesday after the company announced it regained NYSE stockholder's equity required compliance status.

Tech Funds Are Hemorrhaging Cash: Sell This Stock Now - Ad

U.S. technology funds are HEMORRHAGING cash. It's the biggest selloff since the 2022 bear market. A 50-year Wall Street veteran just explained everything you need to know. For now, he's pounding the table on the No. 1 tech stock to BUY before 2024 comes to an end... And the No. 1 tech stock Wall Street says to sell NOW.

2024 was big for bitcoin. States could see a crypto policy blitz in 2025 in spite of the risks

HARRISBURG, Pa. (AP) — The new year will usher in the bitcoin-friendly administration of President-elect Donald Trump and an expanding lobbying effort in statehouses that, together, could push states to become more open to crypto and for public pension funds and treasuries to buy into it.

FDA says knockoff versions of Lilly obesity drug must come off the market

WASHINGTON (AP) — Specialty pharmacies and online companies that have been selling off-brand copies of two blockbuster drugs for obesity and diabetes will need to phase out their versions next year under a federal decision issued Thursday.

Trump's Legacy-Defining Moment to Strike - Ad

Elon Musk predicts historic crisis in first year of Trump's presidency. but the surprising way trump solves it could cement his legacy.

Trump on Assad's Fall: Putin 'Was Not Interested In Protecting Him Any Longer'

President-elect Trump weighed in on the fall of Bashar Assad after a rebel group seized control of Damascus, ending five decades of Assad family rule.

Wall Street Veteran Slams Fed's Rate Cut Plans: 'Wake Up To Economic Realities'

Ed Yardeni warns Fed against further rate cuts due to risks of overheating economy and stock market euphoria, while data shows high inflation and strong labor market.

Man Who Called Nvidia Says "Buy These Five AI Stocks." - Ad

In 2016, Jeff Brown called Nvidia at a split-adjusted 66 cents. The company just became the world's third $3 trillion company...And the stock is up massively since Jeff's recommendation. Now, Jeff has found five under-the-radar stocks which could power your retirement. And it's in large part because these companies are connected to Elon Musk and Nvidia.

Group says New Jersey toxic waste dumping caused $1B in harm, calls settlement inadequate

TOMS RIVER, N.J. (AP) — Years of toxic waste dumping in a Jersey Shore community where childhood cancer rates rose caused at least $1 billion in damage to natural resources, according to an environmental group trying to overturn a settlement between New Jersey and the corporate successor to the firm that did the polluting.

This Is CRAP (Beat the Banks) - Ad

Can you believe this crap? 0.06% APY. THAT'S IT That's all you earn on average right now in 2022 according to the FDIC, in most USA savings accounts. In this video, you will see EXACTLY how you can participate in one of the biggest financial opportunities of our lifetime.

New Meme Coin From Shiba Inu Ecosystem Up For Grabs: Here's How Much SHIB, LEASH, BONE Holders Can Expect

The Shiba Inu (CRYPTO: SHIB) ecosystem announced an exclusive airdrop of its newly launched meme coin Shifu (SHIFU) on Monday to reward its loyal community members.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright markethundred.com
Privacy Policy | Terms of Service