$2.5M Bet On Intel? Check Out These 4 Stocks Insiders Are Buying

Author: Lisa Levin | November 15, 2023 08:21am

Although U.S. stocks closed higher on Tuesday, 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.

ASA Gold and Precious Metals

• The Trade: ASA Gold and Precious Metals Limited (NYSE:ASA) 10% owner Boaz Weinstein acquired a total of 152,901 shares an average price of $13.27. To acquire these shares, it cost around $2.03 million.
• What’s Happening: The company’s stock fell more than 20% over the past six months.
• What ASA Gold and Precious Metals Does: ASA Gold And Precious Metals Ltd is a closed-end, non-diversified investment company.

Intel

• The Trade: Intel Corporation (NASDAQ:INTC) Director Bu Lip Tan acquired a total of 66,000 shares at an average price of $37.84. To acquire these shares, it cost around $2.5 million.
• What’s Happening: Intel gave up its Vietnam ambitions as it shelved a planned investment, citing concerns about the stability of power supplies and excessive bureaucracy.
• What Intel Does: Intel is a leading digital chipmaker, focused on the design and manufacturing of microprocessors for the global personal computer and data center markets.

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Mercury Systems

• The Trade: Mercury Systems, Inc. (NASDAQ:MRCY) Director Orlando Carvalho bought a total of 35,000 shares at an average price of $33.83. To acquire these shares, it cost around $1.18 million.
• What’s Happening: Mercury Systems reported worse-than-expected first-quarter financial results.
• What Mercury Systems Does: Mercury Systems Inc is a commercial technology company serving the aerospace and defense industry.

Diebold Nixdorf

• The Trade: Diebold Nixdorf, Incorporated (NYSE:DBD) President and CEO Octavio Marquez bought a total of 1,000 shares at an average price of $21.50. The insider spent around $21,500 to buy those shares.
• What’s Happening: Diebold Nixdorf reported an increase in sales for the third quarter.
• What Diebold Nixdorf Does: Diebold Nixdorf Inc is engaged in providing software and hardware services for financial and retail industries.

 

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Posted In: ASA DBD INTC MRCY