Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Insiders Buying Rockwell Automation And 2 Other Stocks

Published 13/02/2024, 13:44
© Reuters.  Insiders Buying Rockwell Automation And 2 Other Stocks
ROK
-
TGI
-

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

Although U.S. stocks closed mixed on Monday, 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.

Triumph Group

  • The Trade: Triumph Group, Inc. (NYSE: TGI) Director Neal J Keating acquired a total of 7,200 shares an average price of $14.53. To acquire these shares, it cost around $104,616.00.
  • What’s Happening: Triumph reported below-consensus third-quarter results and cut the FY24 outlook.
  • What Triumph Group Does: Triumph Group Inc designs and manufactures a broad portfolio of aerostructures, aircraft components, and systems for the aviation industry.
RXO
  • The Trade: RXO, Inc (NYSE: RXO) 10% owner Farhad Nanji acquired a total of 1,832,906 shares at an average price of $20.67. To acquire these shares, it cost around $37,879,452.
  • What’s Happening: RXO reported worse-than-expected fourth-quarter revenue results.
  • What RXO Does: RXO Inc is a brokered transportation platform defined by cutting-edge technology and a nimble, asset-light business model, with the largest component being core truck brokerage business.
Don’t forget to check out our premarket coverage here

Rockwell Automation

  • The Trade: Rockwell Automation, Inc. (NYSE: ROK) President and CEO Blake D. Moret bought a total of 3,500 shares at an average price of $283.65. To acquire these shares, it cost around $992,757.
  • What’s Happening: Rockwell Automation reported worse-than-expected first-quarter results.
  • What Rockwell Automation Does: Rockwell Automation is a pure-play automation competitor that is the successor entity to Rockwell International, which spun off its former Rockwell Collins avionics segment in 2001.

Check This Out: Jim Cramer Says This Construction Giant Is 'So Good' And 'Goes Higher'

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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.