Top Buys by Top Brass: Chief Executive Officer Hightower’s $4M Bet on HPK

A company’s own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ”top brass” over the trailing six month period, one of which was a total of $4M invested across 2 purchases by Jack Hightower, Chief Executive Officer at HighPeak Energy Inc (Symbol: HPK).

Purchased Insider Title Shares Price/Share Value
12/22/2022 Jack Hightower Chief Executive Officer 50,000 $21.91 $1,095,460.10
01/04/2023 Jack Hightower Chief Executive Officer 131,539 $22.00 $2,893,858.00

Hightower’s average cost works out to $21.98/share. Shares of HighPeak Energy Inc were changing hands at $24.00 at last check, trading down about 0.9% on Tuesday. The chart below shows the one year performance of HPK shares, versus its 200 day moving average:

Looking at the chart above, HPK’s low point in its 52 week range is $16.04 per share, with $38.21 as the 52 week high point — that compares with a last trade of $24.00.

Click here to find out which other top insider buys by the ”top brass” you need to know about »

Also see:

• HQI Videos
• PINE Stock Predictions
• Expedia Group Stock Split History

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Source Link

Read in Hindi >>