Lions Gate Entertainment And 2 Other Stocks Insiders Are Buying

Although US stock futures traded lower this morning 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.

Lions Gate Entertainment

  • The Trade: Lions Gate Entertainment Corp. (NYSE: LGF-B) Director Gordon Crawford acquired a total of 58,687 shares at at an average price of $9.57. To acquire these shares, it cost around $561.72 thousand.
  • What’s Happening: Lionsgate recently reported Q4 revenue of $929.9 million and operating loss of $50.4 million.
  • What Lions Gate Entertainment Does: Lions Gate engages in the film, television, subscription, and location-based entertainment businesses in the United States, Canada, and internationally.

CommScope Holding

  • The Trade: CommScope Holding Company, Inc. COMM EVP and CFO David Kyle Lorentzen acquired a total of 17,887.465 shares at an average price of $8.11. To acquire these shares, it cost around $145 thousand.
  • What’s Happening: CommScope, last month, reported better-than-expected Q1 adjusted EPS and sales results.
  • What CommScope Holding Does: CommScope Holding Co Inc provides infrastructure services for communications networks.

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

Also check this: Executives Sell Around $200M Of 5 Stocks

HireRight Holdings

  • The Trade: HireRight Holdings Corporation HRT Director Stone Point GP Ltd bought a total of 29,991 shares at an average price of $14.94. To acquire these shares, it cost around $448.04 thousand.
  • What’s Happening: HireRight upsized its revolving credit facility to $145 million.
  • What HireRight Holdings Does: HireRight Holdings Corp is a global provider of technology-driven workforce risk management and compliance solutions.

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 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 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.