Insider buying can be an encouraging signal for potential investors, especially when markets are near all-time highs.
A couple of chief executive officers and a president were among the insiders buying shares this past week.
A leading telecom that just announced a major deal was among companies that saw notable insider buying.
Toward the end of trading Tuesday, the Dow traded down 1.54% to 34,206.70 while the NASDAQ fell 0.19% to 13,376.83. The S&P also fell, dropping 1.01% to 4,146.05.
Companies Reporting Before The Bell
• Revlon (NYSE:REV) is likely to report earnings for its first quarter.
• Bluegreen Vacations (NYSE:BVH) is expected to report earnings for its first quarter.
Cathie Wood-led Ark Investment Management on Monday bought more shares of Pinduoduo Inc (NASDAQ: PDD) and JD.com Inc (NASDAQ: JD) — rivals to Alibaba Group Holding (NYSE:
Cathie Wood-led Ark Investment Management bought over 1.3 million shares, worth about $72.42 million, in Twitter Inc (NYSE: TWTR) on Friday as the stock slumped after the social media company reported lower-than-expected user growth in the first quarter.