5 hot insider trades: Kohl's climbs on CEO's $2M purchase | Pro Recap

By Davit Kirakosyan

Investing.com -- Here is your Pro Recap of some of the biggest insider trades from the past week you may have missed.

Kohl's CEO buys $2 million worth of shares

Kohl’s (NYSE:KSS) shares rose more than 3% on Thursday after CEO Thomas Kingsbury disclosed the purchase of about $2M of the company’s shares.

The stock was initiated at Goldman Sachs in January with a Sell rating and a price target of $27.00. The company will report its Q1/24 earnings results on May 23.

Shares gained more than 9% this week.

InvestingPro users always know first. Start your free 7-day trial to get on board.

United Natural Foods shares surge on CEO’s $1M stock purchase

United Natural Foods (NYSE:UNFI) shares jumped more than 8% on Monday after CEO Alexander Douglas disclosed the purchase of 45,168 shares, or more than $1M worth, at $22.22.

The company reported a Q2 EPS miss last month, as well as guided 2023 EPS significantly below the consensus estimates. Following the report, UBS downgraded the stock to Neutral from Buy and cut its price target to $32.00 from $48.00.

Shares closed the week with a nearly 15% gain.

Purple Innovation gained on COO share purchases

Purple Innovation (NASDAQ:PRPL) shares gained nearly 8% on Tuesday following COO Eric Scott Haynor’s purchase of 138,597 shares, or $381,129 worth, at $2.7499.

The company reported its Q4 earnings last month, with EPS missing the consensus estimates, while revenues came in slightly better than expected. 2023 revenue guidance was also above the consensus estimate.

2 more insider buys

Calavo Growers (NASDAQ:CVGW) CEO Lecil Cole disclosed it had purchased about $1.4M in the company’s stock. Shares gained more than 7% this week.

High Tide (NASDAQ:HITI) announced that certain officers, directors, and consultants, led by the company’s President and CEO, purchased a total of 258,921 common shares between March 24 and March 29 at an average price of $1.59 per share.

With these purchases, insiders and certain consultants, in the aggregate, now own or control 7,222,342 common shares, which represents around 9.67% of the company’s total outstanding shares.

Shares closed the week with more than a 23% gain.

InvestingPro | Be The First To Know

Begin trading today! Create an account by completing our form

Privacy Notice

At One Financial Markets we are committed to safeguarding your privacy.

Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.

Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.

Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.

By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.8% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Back to top

Office network

One Financial Markets is the trading name of Axi Financial Services (UK) Ltd, a company registered in England with company number 6050593. Axi Financial Services (UK) Ltd is authorised and regulated by the Financial Conduct Authority in the UK (under firm reference number 466201) and the Financial Sector Conduct Authority in South Africa (with FSP number 45784).

The information on this site is not directed at residents of the United States, Belgium, Poland or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

www.onefinancialmarkets.com is owned and operated by Axi Financial Services (UK) Ltd.

Award winning broker
We have been presented with a number of awards that recognise the quality of our service and dedication to our clients :

Best FSA Regulated Broker
Saudi Money Expo

Best Education Product
Saudi Money Expo

Best Broker - Online Trading
IAIR Awards

Best Institutional Broker
Saudi Money Expo

Best FX Services Broker
CN Forex

Top International
FX Broker 2015

Saudi Money Expo

Broker of the Year
Online Trading – Middle East

IAIR Awards

Best Forex
Customer Service 2018

JFEX Awards

We accept the following payment methods: