On Tuesday, there were a few notable insider trades, despite the fact that US stocks traded mostly lower.
When insiders purchase shares, it shows 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 shouldn't 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 some recent insider purchases. You can find more information on Benzinga's insider transactions platform.
What s Happening: The Joint Corp. recently announced a sponsorship agreement with Wofford College in Spartanburg, SC.
Don t forget to check out our premarket coverage here. Also check this: US Stocks Turn Lower; Dow Dips 175 Points