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

Over $13M Bet On ProFrac Holding? Check Out These 4 Stocks Insiders Are Buying

Published 22/05/2024, 14:09
© Reuters.  Over $13M Bet On ProFrac Holding? Check Out These 4 Stocks Insiders Are Buying
GL
-
ASTC
-
IMNM
-

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

Although U.S. stocks closed higher 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.

ProFrac Holding

  • The Trade: ProFrac Holding Corp. (NASDAQ:ACDC) 10% owner Dan H. Wilks acquired a total of 1,013,930 shares at an average price of $13.15. To acquire these shares, it cost around $13.34 million. The company's Executive Chairman Matthew Wilks also bought 10,000 shares.
  • What's Happening: ProFrac Holding said Lance Turner will resign as CFO effective June 17.
  • What ProFrac Holding Does: ProFrac Holding Corp is engaged in providing hydraulic fracturing, completion services, and other complementary products and services to upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources.
Immunome
  • The Trade: Immunome, Inc. (NASDAQ:IMNM) President and CEO Clay B Siegall acquired a total of 100,000 shares at an average price of $13.88. To acquire these shares, it cost around $1.39 million.
  • What's Happening: On May 14, Immunome posted downbeat quarterly results.
  • What Immunome Does: Immunome Inc is a biopharmaceutical company.
Don’t forget to check out our premarket coverage here

Globe Life

  • The Trade: Globe Life Inc. (NYSE:GL) Co-Chairman and CEO Frank M Svoboda bought a total of 2,500 shares at an average price of $86.31. To acquire these shares, it cost around $215,764.
  • What's Happening: On May 21, Raymond James analyst Wilma Burdis reiterated Globe Life with a Strong Buy.
  • What Globe Life Does: Globe Life Inc is an insurance holding company. It provides a variety of life and supplemental health insurance products and annuities to a broad base of customers.
Astrotech
  • The Trade: Astrotech Corporation (NASDAQ:ASTC) Director Thomas Wiley Wilkinson bought a total of 1,109 shares at an average price of $9.50. The insider spent around $10,536 to buy those shares.
  • What's Happening: On May 13, Astrotech posted a wider loss for the third quarter.
  • What Astrotech Does: Astrotech Corp is a science and technology development company.
Check This Out: Top 5 Health Care Stocks Which Could Rescue Your Portfolio This Month

© 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.