Although US stocks closed lower on Friday, there was some notable insider trading.
When insiders buy stock, it shows they have confidence in the company’s prospects or that they see the stock as a bargain. Either way, it signals an opportunity to go long the stock. Insider buying should not be taken as the sole indicator of an investment or trading decision. At best, it can convince a purchase decision.
Below is a look at some notable recent insider purchases. For more information, see Benzinga insider trading Platform.
JELD-WEN Holding
- The trade: JELD-WEN Holding, Inc. JELD 10% owner Turtle Creek Asset Management Inc acquired a total of 240,150 shares an average price of $9.42. The purchase of these shares cost around 2.26 million US dollars.
- What’s happening: JELD-WEN announced a strategic review of its Australasia business in August.
- What JELD-WEN does: JELD-WEN Holding Inc is engaged in the manufacture of doors and windows.
rocket companies
- The trade: Rocket Companies, Inc. RKT CEO Jay Farner acquired a total of 58,800 shares at an average price of $6.78. It cost around $398.79,000 to acquire these shares.
- What’s happening: Fintech platform company Rocket Companies recently announced two major leadership changes, including the departure of CFO Julie Booth.
- What Rocket Companies does: Rocket Companies is a financial services company originally incorporated as Rock Financial in 1985 and is currently based in Detroit.
Don’t forget to check out ours premarket coverage here .
Also Check This: US stock futures fall after Friday’s sell-off
hooker facility
- The trade: whore establishment company HOFT Director Maria C. Duey bought a total of 1,500 shares at an average price of $13.57. It cost around $20.35,000 to acquire these shares.
- What’s happening: Hooker Furnishings last month reported a 5.9% year-over-year decline in Q2 FY23 revenue to $152.91 million
- What whore facility…
