More Than $6 Million Bet On JELD-WEN Holding? 3 Stocks Insiders are Buying

Although the US stocks closed higher on Thursday, 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.

Appian

  • The Trade: Appian Corporation APPN 10% owner Colin Moran acquired a total of 104,552 shares at an average price of $43.97. To acquire these shares, it cost around $4.6 million.
  • What’s Happening: A Virginia jury ordered Pegasystems, last month, to pay its software rival Appian $2.04 billion in damages for misappropriating trade secrets.
  • What Appian Does: Appian Corp provides a low-code software development platform as a service that enables organizations to rapidly develop powerful and unique applications.

JELD-WEN Holding

  • The Trade: 3, Inc. JELD 10% owner Turtle Creek Asset Management Inc acquired a total of 496,815 shares at an average price of $13.29. To acquire these shares, it cost around $6.6 million.
  • What’s Happening: Goldman Sachs maintained JELD-WEN with a Neutral and lowered the price target from $21 to $16.
  • What JELD-WEN Does: JELD-WEN Holding Inc is engaged in door and window manufacturing. The company design, produce and distribute interior and exterior building product, offering a selection of doors, windows, walls, and related products.

Don’t forget to check out our premarket coverage here .

Also check this: Target And 2 Other Stocks Insiders Are Selling

Arcellx

  • The Trade: Arcellx, Inc ACLX 10% owner Forest Baskett bought a total of 312,500 shares at an average price of $16.00. To acquire these shares, it cost around $5 million.
  • What’s Happening: SVB Leerink maintained Arcellx with an Outperform and lowered the price target from $47 to $38.
  • What Arcellx Does: Arcellx Inc is a clinical-stage biotechnology company reimagining cell therapy through the development of innovative immunotherapies for patients with cancer and other incurable diseases.

Posted In: Insider BuyingNewsSmall CapInsider TradesMarkets

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.