There were a number of notable insider trades, despite the fact that US stocks closed higher on Tuesday.
When insiders buy 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. You can find more information on Benzinga's insider transactions platform.
The Trade: Clearfield, Inc. Director Ronald G Roth acquired a total of 3,100 shares at an average price of $64.00. It cost around $198.4 thousand to acquire these shares.
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