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.
Rocket Companies Inc (NYSE: RKT) shares are trading lower and look to be nearing an area of support. The company announced Monday it will buy the personal finance app Truebill for $1.275 billion in cash.
Over the past 24 hours, Hedera's (CRYPTO: HBAR) price has fallen 3.84% to $0.07. This is opposite to its positive trend over the past week where it has experienced a 12.0% gain, moving from $0.06 to its current price.