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Insider Trading Insights: Unveiling Recent Stock Buys by Company Executives

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Insider Trading Insights: Unveiling Recent Stock Buys by Company Executives

U.S. stocks ended lower on Wednesday, but all was not lost. A beacon of hope shone, heralding some compelling insider trades.

When insiders buy company shares, it speaks volumes about their faith in the business or suggests a keen eye for a valuable deal. This gesture extends an invitation to investors to hop on board. However, insider trades are merely one piece of the puzzle when considering investment moves. At most, they boost confidence in a buying verdict.

Let’s delve into a few recent noteworthy insider purchases. For more insights, explore Benzinga’s insider transactions hub.

Insight into F.N.B. Corporation

  • The Purchase: F.N.B. Corporation FNB Director William B Campbell acquired a total of 1,500 shares at an average price of $13.52, totaling approximately $20,274.
  • Current Scenario: On Feb. 13, F.N.B. announced a 12 cents per share cash dividend on common stock.
  • About F.N.B. Corporation: F N B Corp offers an array of financial services, mainly catering to consumers, corporations, governments, and small- to medium-sized businesses.

Insight into Mercury Systems

  • The Purchase: Mercury Systems, Inc. MRCY 10% owner Jana Partners Management, LP acquired a total of 377,913 shares at an average price of $29.26, amounting to around $11.06 million.
  • Current Scenario: On Feb. 6, Mercury Systems reported second-quarter financial results that fell short of expectations.
  • About Mercury Systems: Mercury Systems Inc is a technology company serving the aerospace and defense sector.

Insight into Enphase Energy

  • The Purchase: Enphase Energy, Inc. ENPH President and CEO Badrinarayanan Kothandaraman acquired a total of 4,000 shares at an average price of $120.54, totaling about $482,154.
  • Current Scenario: On Feb. 14, RBC Capital initiated coverage on the stock with an Outperform rating and a $140 price target.
  • About Enphase Energy: Enphase Energy is a global energy technology company. The company offers intelligent, user-friendly solutions for managing solar generation, storage, and communication on a unified platform.

 

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