Over $1M Bet On Vishay Precision Group? Check Out These 3 Stocks Insiders Are Buying

Author: Lisa Levin | February 23, 2023 08:10am

Although US 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.

Intevac

• The Trade: Intevac, Inc. (NASDAQ:IVAC) Director David Dury acquired a total of 5,000 shares an average price of $7.31. To acquire these shares, it cost around $36.55 thousand.
• What’s Happening: Intevac posted upbeat quarterly results.
• What Intevac Does: Intevac Inc designs and develops high-productivity, thin-film processing systems.

Vishay Precision

• The Trade: Vishay Precision Group, Inc. (NYSE:VPG) Director Wes Cummins acquired a total of 25,000 shares at an average price of $42.49. To acquire these shares, it cost around $1.06 million.
• What’s Happening: Vishay Precision Group posted upbeat quarterly results.
• What Vishay Precision Does: Vishay Precision Group Inc manufactures and markets sensors, and sensor-based measurement systems, as well as specialty resistors and strain gages based on proprietary technology.

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Newell Brands

• The Trade: Newell Brands Inc. (NASDAQ:NWL) CFO Mark J Erceg bought a total of 66,700 shares at an average price of $14.99. To acquire these shares, it cost around $1 million.
• What’s Happening: Newell Brands reported Q4 financial results and issued some Q1 and FY23 guidance metrics below consensus estimates.
• What Newell Brands Does: Newell Brands Inc is an American global consumer goods company.

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Posted In: IVAC NWL VPG