Although US stocks traded lower by around 270 points 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.

Global Business Travel Group

• The Trade: Global Business Travel Group, Inc. (NYSE:GBTG) 10% owner Ares Partners Holdco Llc acquired a total of 425,568 shares at at an average price of $8.53. To acquire these shares, it cost around $3.63 million.
• What’s Happening: The company’s stock dropped around 23% over the previous six months.
• What Global Business Travel Does: Global Business Travel Group provides B2B travel platform services.

Chewy

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

Also check this: Executives Sell More Than $61M Of 4 Stocks

Hillenbrand