U.S. stocks ended on a somber note on Tuesday, yet amid the sea of red, there were glimmers of optimism in the form of notable insider transactions.
Insider buying signals strong belief in a company’s future or an attractive valuation. Although not a standalone investment strategy, these transactions provide a peek behind the curtain that may inform investment decisions.
Let’s delve into a few recent insider moves that are making waves in the stock market. For more detailed insights, explore Benzinga’s insider transactions platform.
Knocking on the Hilton Grand Vacations Door
- The Scoop: Director Brenda J Bacon of Hilton Grand Vacations Inc. (NYSE: HGV) added 5,425 shares at an average cost of $46.07, translating to a total investment of around $249,945.
- Recent Buzz: Hilton Grand Vacations reported favorable quarterly earnings on Feb. 29.
- The Gig: Hilton Grand Vacations specializes in timeshare offerings under the Hilton Grand Vacations brand.
Revving Up at Motorcar Parts of America
- The Trade: Director David Bryan of Motorcar Parts of America, Inc. (NASDAQ: MPAA) snagged 1,200 shares at an average price of $9.09, totaling approximately $10,910.
- Latest Developments: Motorcar Parts of America posted disappointing quarterly results on Feb. 9.
- The Drumroll: Motorcar Parts of America deals in aftermarket automotive and light truck applications along with manufacturing heavy-duty truck parts.
For a sneak peek at premarket activities, don’t skip our coverage here.
Harvesting Trust at FMC
- The Purchase: Executive Vice President and CFO Andrew D Sandifer of FMC Corporation (NYSE: FMC) purchased 2,150 shares at an average price of $59.22, amounting to an investment of around $127,323.
- News Update: On March 1, FMC received coverage initiation from Wolfe Research analyst Chris Parkinson with a Peer Perform rating.
- Nuts and Bolts: FMC is a prominent global crop protection entity with diverse product offerings across different regions and crops.
Cashing In on Jackson Financial
- The Deal: Director Derek G Kirkland of Jackson Financial Inc. (NYSE: JXN) snapped up 3,500 shares at an average price of $55.67, amounting to an outlay of around $194,845.
- Recent Movements: On March 1, Morgan Stanley analyst Nigel Dally reiterated coverage of Jackson Financial with an Equal-Weight rating and bumped up the price target from $49 to $52.
- The Skinny: Jackson Financial aids Americans in expanding and safeguarding their retirement savings and income to pursue lifelong financial independence.
Explore the Fear & Greed Index shift to the ‘Greed’ territory amid a more than 400-point dip in the Dow.
