$21M Bet On Comstock Resources? Check Out These 3 Stocks Insiders Are Buying
Although U.S. 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.
Insight into ZoomInfo Technologies
- The Trade: ZoomInfo Technologies Inc. CEO Henry Schuck acquired a total of 1,500,000 shares at an average price of $8.49, totaling around $12.7 million.
- What’s Happening: On Aug. 5, ZoomInfo reported worse-than-expected financial results for the second quarter and announced a management transition.
- ZoomInfo’s Profile: ZoomInfo Technologies Inc provides a go-to-market intelligence platform for sales and marketing teams.
Deep Dive into Groupon
- The Trade: Groupon, Inc. Director Jason Harinstein acquired 15,000 shares at an average price of $10.61, totaling around $159,150.
- What’s Happening: On July 30, Groupon posted a loss for the second quarter.
- Groupon’s Role: Groupon Inc acts as the middleman between consumers and merchants, offering a variety of products and services at discounts via its online store.
Insights on Disney
- The Trade: The Walt Disney Company Director Calvin McDonald purchased 11,756 shares at an average price of $85.06, totaling around $999,994.
- What’s Happening: On Aug. 7, Walt Disney posted upbeat quarterly earnings.
- Disney’s Business: Disney operates in three global business segments: entertainment, sports, and experiences. These segments benefit from a treasure trove of franchises and characters built over decades.
