Over $17 Million Bet On Element Solutions? Check Out These 3 Stocks Insiders Are Buying

Although US stocks closed higher on Tuesday, 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.

Pre-IPO Offer: Get A Piece Of A Nearly $5T Global Opportunity By Joining BOXABL As An Early Shareholder At Just $0.80/Share

Massive Demand & Disruptive Potential – Boxabl has received interest for over 190,000 homes, positioning itself as a major disruptor in the housing market.
Revolutionary Manufacturing Approach – Inspired by Henry Ford’s assembly line, Boxabl’s foldable tiny homes are designed for high-efficiency production, making homeownership more accessible.
Affordable Investment Opportunity – With homes priced at $60,000, Boxabl is raising $1 billion to scale production, offering investors a chance to own a stake in its growth.

Share Price: $0.80

Min. Investment: $1,000

Valuation: $3.5B

Masimo

The Trade: Masimo Corporation MASI Director, CEO and Chairman of the Board Joe Kiani acquired a total of 31,994 shares an average price of $123.99. To acquire these shares, it cost around $3.97 million.
What’s Happening: The company recently posted upbeat Q3 results.
What Masimo Does: Masimo is an Irvine, California-based medical device business that focuses on noninvasive patient monitoring.

Element Solutions

The Trade: Element Solutions Inc ESI Director Martin E Franklin acquired a total of 902,000 shares at at an average price of $19.07. To acquire these shares, it cost around $17.2 million.
What’s Happening: The company, last month, posted in-line quarterly earnings.
What Element Solutions Does: Element Solutions Inc specialty chemicals company whose businesses supply a broad range of solutions that enhance the performance of products people use every day.

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

Also check this: Markets Turn More Bullish Ahead Of Earnings

Cable One

The Trade: Cable One, Inc. CABO Director Thomas S. Gayner bought a total of 5,000 shares at an average price of $714.72. To acquire these shares, it cost around $3.57 million.
What’s Happening: The company recently reported downbeat Q3 results.
What Cable One Does: Cable One Inc is a telecommunications company. It derives revenue from the provision of broadband, voice, and video services to residential and business customers.