Dow And 3 Other Stocks Bought By Insiders


Although US stocks closed lower on Tuesday amid the ongoing Russia-Ukraine tensions, 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.

Cytek Biosciences

  • The Trade: Cytek Biosciences, Inc. CTKB Director Rajeev Shah acquired a total of 647,264 shares at an average price of $12.74. To acquire these shares, it cost around $8.25 million.
  • What’s Happening: The company, last month, posted upbeat quarterly sales.
  • What Cytek Biosciences Does: Cytek Biosciences Inc is a cell analysis solutions company advancing the next generation of cell analysis tools by leveraging novel technical approaches.

US Foods

  • The Trade: US Foods Holding Corp. USFD Director Robert Dutkowsky acquired a total of 31,000 shares at an average price of $32.91. To acquire these shares, it cost around $1.02 million.
  • What’s Happening: The company, last month, reported weaker-than-expected Q4 results
  • What US Foods Does: US Foods is the second- largest U.S. food-service distributor behind Sysco, holding 10% market share of the highly fragmented food-service distribution industry.

Also check this: 3 Penny Stocks Insiders Are Buying

Dow

  • The Trade: Dow Inc. DOW Director Jacqueline C Hinman bought a total of 3,000 shares at an average price of $58.37. To acquire these shares, it cost around $175.11 thousand.
  • What’s Happening: Dow, during January, reported better-than-expected Q4 EPS and sales results.
  • What Dow Does: Dow Inc is a diversified chemical manufacturing company. It combining science and technology to develop innovative solutions that are essential to human progress.

Madison Square Garden Sports

  • The Trade: Madison Square Garden Sports Corp. MSGS President and CEO Andrew Lustgarten bought a total of 6,000 shares at an average price of $166.00. The insider spent around $1 million to buy those shares.
  • What’s Happening: Madison Square Garden, last month, posted Q2 EPS of $0.65.
  • What Madison Square Garden Sports Does: Madison Square Garden Sports Corp is engaged in live sports and entertainment business.

Posted In: Insider BuyingLong IdeasNewsSmall CapInsider TradesMarketsTrading Ideas

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.