Benzinga - by Avi Kapoor, Benzinga Staff Writer.
Although U.S. stocks closed mixed on Thursday, 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.
V.F. Corporation
- The Trade: V.F. Corporation (NYSE:VFC) Director Richard Carucci acquired a total of 25,000 shares at an average price of $13.78. To acquire these shares, it cost around $344,495.
- What's Happening: On May 30, the company announced that Michelle Choehas been appointed as the Global Brand President of Vans, beginning in late July.
- What V.F. Does: VF designs, produces, and distributes branded apparel, footwear, and accessories. Its apparel categories are active, outdoor, and work.
- The Trade: Tile Shop Holdings, Inc. (NASDAQ:TTSH) 10% owner Pleasant Lake Onshore Feeder Fund LP acquired a total of 74,303 shares at an average price of $6.61. To acquire these shares, it cost around $491,386.
- What's Happening: On May 9, Tile Shop posted upbeat quarterly sales.
- What Tile Shop Holdings Does: Tile Shop Holdings Inc is a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States.
- The Trade: Pegasystems Inc. (NASDAQ:PEGA) Director Sharon T Rowlands bought a total of 8,600 shares at an average price of $58.63. To acquire these shares, it cost around $504,21.
- What's Happening: On June 12, JMP Securities analyst Patrick Walravens reiterated Pegasystems with a Market Perform.
- What Pegasystems Does: Founded in 1983, Pegasystems provides a suite of solutions for customer engagement and business process management.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.