Although US stock futures traded lower on Wednesday, 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.

Eastman Kodak Company

• The Trade: Eastman Kodak Company (NYSE:KODK) Director David Chene acquired a total of 2,684,872 shares at an average price of $5.77. To acquire these shares, it cost around $15.48 million.
• What’s Happening: Eastman Kodak was recently granted U.S. Patent #11,279,842 aqueous fluid sets for inkjet printing methods.
• What Eastman Kodak Does: Eastman Kodak Co is a United States-based company. The company operates via several business segments: Print Systems, Enterprise Inkjet Systems, Kodak Software, Brand, Film and Imaging,

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