Insiders Buying Herbalife And 2 Other Stocks

Mar 14, 2024

Although U.S. stocks closed mixed 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.

Herbalife

  • The Trade: Herbalife Ltd. (NYSE:HLF) Director Rodica Macadrai acquired a total of 5,175 shares an average price of $9.31. To acquire these shares, it cost around $48,179.
  • What’s Happening: On Feb. 14, Herbalife reported mixed fourth-quarter financial results.
  • What Herbalife Does: Herbalife Ltd is an international nutrition company that provides health and wellness products to consumers in 95 markets, which consist of countries and territories, through their direct-selling business model.

AerSale

  • The Trade: AerSale Corporation (NASDAQ:ASLE) Nicolas Finazzo acquired a total of 35,800 shares at an average price of $6.79. To acquire these shares, it cost around $246,220.
  • What’s Happening: On March 7, AerSale reported worse-than-expected fourth-quarter financial results.
  • What AerSale Does: AerSale Corp is an integrated, diversified leader in aviation aftermarket products and services.

Don’t forget to check out our premarket coverage here

Ultralife

  • The Trade: Ultralife Corporation (NASDAQ:ULBI) CEO and President Michael Edward Manna bought a total of 1,000 shares at an average price of $8.60. To acquire these shares, it cost around $8,600..
  • What’s Happening: On Feb. 15, Ultralife posted upbeat quarterly results.
  • What Ultralife Does: Ultralife Corp provides products and services ranging from power solutions to communications and electronics systems to customers across the globe in the government and defense, medical, safety and security, energy, and industrial sectors.

 

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