Although gold futures traded higher on Wednesday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, 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. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform.
Sensient Technologies
- The Trade: Sensient Technologies Corporation (NYSE:SXT) 10% iwner Freemont Capital Pte Ltd acquired a total of 22,800 shares at an average price of $81.01. To acquire these shares, it cost around $1.85 million.
- What’s Happening: The company, last month, posted Q4 earnings.
- What Sensient Technologies Does: Sensient Technologies manufactures and markets natural and synthetic colors, flavors, and flavor extracts. The company has a widespread network of facilities around the globe, and its customers operate across a variety of end markets.
Macerich
- The Trade: The Macerich Company (NYSE:MAC) President Edward C Coppola acquired a total of 10,000 shares at an average price of $14.98. To acquire these shares, it cost around $149.79 thousand.
- What’s Happening: Macerich, last month, said Q4 FFO results up from last year.
- What Macerich Does: The Macerich Company is an S&P 500 company that invests in premium mall assets. The company owns 29 regional malls in its consolidated portfolio and 19 regional malls in its unconsolidated portfolio along with six power centers and six other real estate assets.
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Also check this: Executives Buy Over $2.2M Of 3 Penny Stocks
Via Renewables
- The Trade: Via Renewables, Inc. (NASDAQ:VIA) CEO W. Keith Maxwell III bought a total of 4,000 shares at an average price of $8.06. To acquire these shares, it cost around $32.23 thousand.
- What’s Happening: The company, last month, reported Q4 results.
- What Via Renewables Does: Via Renewables Inc is an independent retail energy services company. It provides residential and commercial customers in competitive markets across the United States with an alternative choice for natural gas and electricity.
