$IVAC.US ranked positive on February 9th, 2023

Smart Insider $IVAC.US ranked positive on February 9th, 2023

$IVAC.US ranked positive on February 9th, 2023

Intevac Inc (IVAC, +1, Feb 9th)

Nigel Hunton (CEO since 2022) purchased $70,000 of stock across two trades in February 2023 at an average price of $6.98, increasing his stake by 4%. He made a series of smaller trades having joined in 2022 and it’s notable to see him now buying in larger size at this higher price.

James Moniz (CFO since 2014) purchased $70,000 of stock on the 8th February, also increasing his stake by 4%, despite his long tenure this is only his 2nd purchase and is also a reversal from a similar-sized sale at $5.13 in May 2022.

Bleichroeder LP (Shareholder) purchased $502,000 worth of stock on February 6th at $6.95, adding slightly to their 5 million share stake (20% of the company).

This is their first open market purchase since acquiring the stake in 2019. The company reported earnings on the 1st of February and it’s encouraging to see these purchases into strength.

We are ranking the stock +1

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