Insider trades have been a bumpy selloff

There were a few notable insider trades, despite the fact that US stocks closed mixed 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 a conviction to make a buying decision.

Below is a look at some recent insider purchases. You can find more information on Benzinga's insider transactions platform.

The Trade: Deciphera Pharmaceuticals, Inc. 10% of the owner of Brightstar Associates LLC acquired 1,666, 666 shares at an average price of $18.00. It cost around $30 million to acquire these shares.

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