3 Stocks Insiders Are Buying: Coinbase Global And More

Although US stocks closed higher on Friday, 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.

Delta Air Lines

  • The Trade: Delta Air Lines, Inc. DAL Director Francis S Blake acquired a total of 12,880 shares an average price of $38.58. To acquire these shares, it cost around $496.9 million.
  • What’s Happening: Delta recently issued Q1 EPS guidance below estimates.
  • What Delta Air Lines Does: Atlanta-based Delta Air Lines is one of the world's largest airlines, with a network of over 300 destinations in more than 50 countries.

Coinbase Global

  • The Trade: Coinbase Global, Inc. COIN Director Tobias Lutke acquired a total of 6,834 shares at an average price of $54.21. To acquire these shares, it cost around $370.47 thousand.
  • What’s Happening: JP Morgan raised its price target on the stock from $53 to $60.
  • What Coinbase Global Does: Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States.

Don’t forget to check out our premarket coverage here

Guaranty Bancshares

  • The Trade: Guaranty Bancshares, Inc. GNTY Director Richard Baker bought a total of 11,629 shares at an average price of $34.49. To acquire these shares, it cost around $401.08 thousand.
  • What’s Happening: Guaranty Bancshares recently posted downbeat quarterly earnings.
  • What Guaranty Bancshares Does: Guaranty Bancshares Inc is a bank holding company conducting banking activities through its wholly-owned subsidiary.

Check This Out: 5 Cheapest Industrials Stocks You Should Think About

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