Over $8M Bet On Howard Hughes? Check Out These 3 Stocks Insiders Are Buying

Author: Lisa Levin | October 20, 2023 07:10am

Although U.S. stocks closed lower on Thursday, 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.

Howard Hughes

• The Trade: Howard Hughes Holdings Inc. (NYSE:HHH) Director William Ackman acquired a total of 120,839 shares an average price of $68.15. To acquire these shares, it cost around $8.23 million.
• What’s Happening: Howard Hughes said it intends to spinoff new division, Seaport Entertainment, to shareholders by year-end 2024.
• What Howard Hughes Does: Howard Hughes Holdings Inc owns, manages, and develops commercial, residential, and mixed-use real estate throughout the USA.

Fidelity National Information Services

• The Trade: Fidelity National Information Services, Inc. (NYSE:FIS) Director Jeffrey A Goldstein acquired a total of 1,045 shares at an average price of $53.00. To acquire these shares, it cost around $55,385. The company’s Director Ellen R Alemany also bought 855 shares.
• What’s Happening: Wolfe Research recently upgraded Fidelity National Info from Peer Perform to Outperform.
• What Fidelity National Information Does: Fidelity National Information Services' legacy operations provide core processing and ancillary services to banks, but its business has expanded over time.

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Quest Resource Holding

• The Trade: Quest Resource Holding Corporation (NASDAQ:QRHC) 10% owner Joshua Landes bought a total of 25,677 shares at an average price of $7.22. To acquire these shares, it cost around $185,488.
• What’s Happening: Quest Resource Holding posted a profit for the second quarter.
• What Quest Resource Holding Does: Quest Resource Holding Corp is a national provider of waste and recycling services to customers from across multiple industry sectors that are typically larger, multi-location businesses.
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Posted In: FIS HHH QRHC