Benzinga - by Avi Kapoor, Benzinga Staff Writer.
Although U.S. stocks closed mixed on Tuesday, 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.
Aon
- The Trade: Aon plc (NYSE:AON) Director Lester B Knight acquired a total of 10,000 shares an average price of $276.61. To acquire these shares, it cost around $2.77 million.
- What's Happening: On April 26, Aon reported worse-than-expected first-quarter financial results.
- What Aon Does: Aon is a leading global provider of insurance and reinsurance brokerage and human resources solutions.
- The Trade: Heartland Express, Inc. (NASDAQ:HTLD) 10% owner Julie J Durr acquired a total of 8,089 shares at an average price of $10.74. To acquire these shares, it cost around $86,899.
- What's Happening: On April 23, Heartland Express reported better-than-expected first-quarter sales results.
- What Heartland Express Does: Heartland Express Inc is engaged in providing truckload services across the United States and Canada.
908 Devices
- The Trade: 908 Devices Inc. (NASDAQ:MASS) President and CEO Kevin J. Knopp bought a total of 10,000 shares at an average price of $5.60. To acquire these shares, it cost around $56,000.
- What's Happening: On April 30, 908 Devices posted upbeat quarterly earnings.
- What 908 Devices Does: 908 Devices Inc manufactures medical devices. It has developed a suite of purpose-built handheld and desktop mass spectrometry, or Mass Spec, devices for the point-of-need.
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