Insider buying can be an encouraging signal for potential investors, especially when markets are near all-time highs.
Some insiders were making return trips to the buy window last week.
Beneficial owners were stepping up to the buy window.
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.
Shares of Energy Transfer (NYSE:ET) saw some unusual options activity on Thursday. Following the unusual option alert, the stock price moved down to $8.91.
Insider buying can be an encouraging signal for potential investors, especially when markets are near all-time highs.
Some energy companies, including a supermajor, have seen some insider buying.
Chief executive officers were among those stepping up to the buy window during the week.
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.
Companies Reporting Before The Bell
• Myriad Genetics (NASDAQ:MYGN) is likely to report earnings for its fourth quarter.
• Stellantis (NYSE:STLA) is expected to report earnings for its second quarter.