Although US stocks closed sharply higher in the last trading session of January, but the S&P 500 and Nasdaq still recorded their worst months since March 2020. Investors, meanwhile, focused on some 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
The Trade: ...
Related tickers: WAL, KODK, SC.
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