Benzinga - Although US 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.
DISH Network
- The Trade: DISH Network Corporation (NASDAQ: DISH) Director James Defranco acquired a total of 1,450,000 shares an average price of $10.84. To acquire these shares, it cost around $15.72 million
- What’s Happening: DISH Network reported a fourth-quarter FY22 revenue decline of 9.2% year-on-year to $4.04 billion Thursday, missing the consensus estimate of $4.15 billion.
- What DISH Network Does: From its founding in the 1980s, Dish Network has primarily focused on the satellite television business, capitalizing on technological advancements to expand its reach.
- The Trade: Keurig Dr Pepper Inc (NASDAQ: KDP) Chief Financial Officer Shekhar Sudhanshu Priyadarshi acquired a total of 50,000 shares at an average price of $34.39. To acquire these shares, it cost around $1.72 million
- What’s Happening: Keurig Dr Pepper reported fourth-quarter FY22 sales growth of 12.1% year-on-year, to $3.80 billion, beating the consensus of $3.78 billion.
- What Keurig Dr Pepper Does: Keurig Dr Pepper was established in 2018 following a merger between Keurig Green Mountain Coffee and Dr Pepper Snapple.
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Paramount Group
- The Trade: Paramount Group, Inc. (NYSE: PGRE) Chairman, CEO and President Albert P Behler bought a total of 30,000 shares at an average price of $5.22. To acquire these shares, it cost around $156.66 thousand.
- What’s Happening: Paramount Group posted downbeat quarterly sales.
- What Paramount Group Does: Paramount Group Inc is a real estate investment trust engaged in owning, operating, managing, acquiring, and redeveloping high-quality, Class A office properties in select central business district ("CBD") submarkets of New York City and San Francisco.
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