Insider trades, Fisker and Kronos Worldwide Inc

There were a few notable insider trades, although US stocks fell sharply on Tuesday.

When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. 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. It can give conviction to a buying decision.

Below is a look at some recent insider purchases. The Trade: Fisker Inc. Director, Chief Financial Officer Geeta Gupta acquired 33,700 shares at an average price of $7.42. It cost around $249.98 thousand to acquire these shares.

Here is what Kronos Worldwide Inc does: Kronos Worldwide Inc produces and sells titanium dioxide pigments. Titanium dioxide is a white inorganic pigment used in a variety of products.