Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Insiders Buy More Than $210M Of 3 Stocks

Published 19/04/2022, 12:23
Updated 19/04/2022, 13:10
© Reuters.  Insiders Buy More Than $210M Of 3 Stocks

© Reuters. Insiders Buy More Than $210M Of 3 Stocks

Although U.S. stock futures traded lower this morning 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.

Liquidia

  • The Trade: Liquidia Corporation (NASDAQ: LQDA) 10%+ plus owner Caligan Partners LP acquired a total of 1,764,705 shares at an average price of $5.10. To acquire these shares, it cost around $9 million.
  • What’s Happening: Liquidia recently reported a common stock offering of approximately 9.8 million shares at $5.10 per share.
  • What Liquidia Does: Liquidia Corp is a United States-based biopharmaceutical company focused on the development, manufacturing, and commercialization of products that address unmet patient needs, with the current focus directed towards the treatment of pulmonary hypertension (PH).
Nielsen Holdings
  • The Trade: Nielsen Holdings plc (NYSE: NLSN) 10% owner Snehal Amin acquired a total of 7,116,000 shares at an average price of $27.35. To acquire these shares, it cost around $194.62 million.
  • What’s Happening: The Board of Directors of Nielsen Holdings recently declared a quarterly cash dividend of $0.06 per share of common stock.
  • What Nielsen Holdings Does: Nielsen Holdings PLC operates as a media and content ecosystem provider and offers audience measurement, data and analytics services.
Don’t forget to check out our premarket coverage here .

Also check this: 4 Stocks Under $5 Insiders Are Aggressively Buying

Duolingo

  • The Trade: Duolingo, Inc. (NASDAQ: DUOL) 10% owner Durable Capital Partners Lp bought a total of 73,211 shares at an average price of $89.19. To acquire these shares, it cost around $6.53 million.
  • What’s Happening: Duolingo is scheduled to announce its results for the first quarter on Thursday, May 12, 2022.
  • What Duolingo Does: Duolingo Inc is a mobile learning platform to learn languages and the top-grossing app in the Education category on both Google (NASDAQ:GOOGL) Play and the Apple (NASDAQ:AAPL) App Store.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read at Benzinga

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.