$1M Bet On General Motors? Check Out These 4 Stocks Insiders Are Buying

Although US stocks closed mixed on Monday, there were a few notable insider trades.

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.

Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform.

Southland Holdings

• The Trade: Southland Holdings, Inc. SLND Co-COO and EVP Rudolph V Renda acquired a total 632,413 shares an average price of $10.12. To acquire these shares, it cost around $6.4 million.
• What’s Happening: Southland Holdings reported a narrower-than-expected first-quarter loss.
• What Southland Holdings Does: Southland Holdings Inc is an infrastructure construction company in North America.

ProFrac Holding

• The Trade: ProFrac Holding Corp. ACDC 10% owner Dan Wilks acquired a total of 539,498 shares at an average price of 11.43. To acquire these shares, it cost around $6.17 million.
• What’s Happening: ProFrac Holding posted downbeat quarterly results.
• What ProFrac Holding Does: ProFrac Holding Corp is engaged in providing hydraulic fracturing, completion services, and other complementary products and services to leading upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources.

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General Motors

• The Trade: General Motors Company GM Executive Vice President Paul Jacobson bought a total of 31,000 shares at an average price of $32.60. To acquire these shares, it cost around $1.01 million.
• What’s Happening: General Motors plans to launch an all-electric version of its flagship Cadillac Escalade, Escalade IQ, later this year.
• What General Motors Does: General Motors Co. emerged from the bankruptcy of General Motors Corp. (old GM) in July 2009. GM has eight brands and operates under four segments: GM North America, GM International, Cruise, and GM Financial.

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