When insiders buy stocks, it indicates their confidence in the prospects for the company or that they see the stock as a good deal. Either way, this signals an opportunity to be long on the stock. Insider buying should not be taken as the sole indicator for making an investment or trading decision. At best, it can add conviction to a buying decision.
Below is an overview of some recent notable insider buys. For more information, see Benzinga insider trading Platform.
- The exchange: HealthEquity, Inc. (NASDAQ: HQY) Director Stuart Parker acquired a total of 25,000 shares at an average price of $ 42.82. To acquire these shares, it cost $ 1,070,500.00.
- What is happening: HealthEquity recently reported worse-than-expected third quarter sales results and posted lower-than-estimated FY22 EPS and sales guidance.
- What HealthEquity does: HealthEquity Inc provides solutions that empower consumers to make decisions about healthcare savings and spending. Its technology allows clients to view their tax-efficient healthcare savings, compare treatment options and prices, pay healthcare bills, receive benefit information and earn incentives. to well-being.
- The exchange: JOANN Inc. (NASDAQ: JOAN) President and CEO Wade Miquelon acquired a total of 55,000 shares at an average price of $ 9.33. To acquire these shares, it cost $ 513,155.50.
- What is happening: JOANN recently reported mixed earnings for the third quarter.
- What JOANN does: JOANN Inc is active in the sewing industry. The company provides fabrics, sewing supplies, needlework and thread arts, papermaking, jewelry making, fabric making, craft lamps, wedding decorations and products. interior decoration.
- The exchange: HP Inc. (NYSE: HPQ) Harvey Anderson, General Counsel bought a total of 38,092 shares . The insider also sold a total of 27,158 shares at an average price of $ 36.90.
- What is happening: HP last month reported better-than-expected EPS and sales results for the fourth quarter.
- What HP does: HP Inc. is a leading supplier of computers, printers and printer supplies. The company’s three operational lines of business are its personal systems, which contain laptops, desktops and workstations; and its printing segment which contains supplies, consumer equipment and commercial equipment; and business investment.