U.S. stocks closed mixed on Monday, but some lucrative insider trades caught the eye.

When corporate leaders buy shares, it either signifies unwavering confidence in the company’s future or a belief that the stock is undervalued. Either way, it’s a potential opportunity to capitalize. Yet, insider transactions should not be the sole basis for investment decisions. At most, they can enrich a bullish stance.

Let’s delve into some recent notable insider purchases. For more, explore Benzinga’s insider transactions platform.

Triumph toil

• The Deal: Triumph Group, Inc.TGI Director Neal J Keating acquired 7,200 shares at an average price of $14.53, totaling around $104,616.00.
• Behind the Scenes: Triumph reported subpar third-quarter results and slashed its FY24 outlook.
• Triumph’s Terrain: Triumph Group Inc crafts a wide array of aerostructures, aircraft components, and systems for the aviation industry.

RXO Rampage

• The Transaction: RXO, IncRXO 10% owner Farhad Nanji snagged a whopping 1,832,906 shares at an average price of $20.67, amounting to around $37,879,452.
• Crisis at RXO: RXO reported dismal fourth-quarter revenue results.
• RXO’s Realm: RXO Inc is a brokered transportation platform defined by cutting-edge technology and a nimble, asset-light business model, with the largest component being a core truck brokerage business.

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Rockwell’s Redemption?

• The Exchange: Rockwell Automation, Inc.ROK President and CEO Blake D. Moret purchased 3,500 shares at an average price of $283.65, spending around $992,757.
• Shaky Ground at Rockwell: Rockwell Automation reported disappointing first-quarter results.
• Rockwell’s Realm: Rockwell Automation is a pure-play contender in automation, the successor entity to Rockwell International, which spun off its former Rockwell Collins avionics segment in 2001.

Feast your eyes on Jim Cramer’s endorsement for this construction giant, which he deems ‘So Good’ and destined to ‘Go Higher.’