HomeMarket NewsSmall CapsInsiders Make Big Stock Purchases and You Should Pay Attention

Insiders Make Big Stock Purchases and You Should Pay Attention

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Insiders putting their money where their mouth is, a sign they believe in the company’s future or see a bargain. This shows potential for stock growth. Insider buying isn’t everything, but can add conviction to a buying decision.

Check out these recent notable insider purchases. For more, visit Benzinga’s insider transactions platform.

Empire Petroleum

  • A Bold Move: Empire Petroleum Corporation EP 10% owner Energy Evolution Master Fund Ltd bought 1,256,832 shares at $8.00 each, spending around $10.05 million.
  • The Scoop: On Nov. 13, Empire Petroleum reported $10.3 million product revenue and a $2.7 million net loss for Q3.
  • Empire’s Game: Empire Petroleum Corp explores and develops oil and natural gas in the USA.

Pulse Biosciences

  • The Scoop: Director Robert Duggan of Pulse Biosciences, Inc. PLSE bought 220,267 shares at an average price of $9.35, spending about $2.06 million.
  • The Buzz: Pulse Biosciences said it has received all regulatory approvals and completed activities to start its catheter ablation feasibility study.
  • Pulse’s Role: Pulse Biosciences Inc innovates health with its patented Nano-Pulse Stimulation technology, using electrical energy pulses to selectively clear targeted cells.

Don’t forget to check out our premarket coverage here

Howard Hughes Holdings

  • The Purchase: Director William Ackman of Howard Hughes Holdings Inc. HHH bought 145,121 shares at an average price of $74.07, spending about $10.75 million.
  • The Word: On Nov. 6, Howard Hughes posted strong results for Q3.
  • Howard Hughes’ Business: Howard Hughes Holdings Inc owns, manages, and develops real estate across the USA.

Westrock Coffee

  • The Trade: Director Joe T Ford of Westrock Coffee Company WEST bought 10,000 shares at an average price of $9.25, spending approximately $92,500.
  • The Buzzkill: On Nov. 9, Westrock Coffee reported lower-than-expected Q3 sales and issued guidance.
  • Westrock’s Role: Westrock Coffee Co is a leading coffee, tea, and ingredients provider in the U.S, catering to various industries worldwide.

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