Insider trading, specifically insider purchases, can offer valuable insights into the market. When company insiders, such as directors, buy shares, it often reflects their belief in the company’s prospects or their view that the stock is undervalued. While not a guarantee of future success, insider purchases can provide a valuable signal to potential investors. Here’s a look at some recent notable insider purchases:
Hallador Energy (HNRG)
Director Zarrell Gray acquired 20,000 shares at an average price of $5.70, totaling $114,000. This purchase comes after Hallador Energy reported worse-than-expected second-quarter financial results on August 6th. Hallador Energy is a coal mining company operating in Indiana, USA, specializing in electric power generation.
Texas Capital Bancshares (TCBI)
Director Robert W Stallings acquired 28,813 shares at an average price of $20.15, totaling $580,737. This purchase follows Texas Capital’s recent announcement on August 1st that Todd Jordan will serve as Austin Market President and Leader of Austin Middle Market Banking. Texas Capital Bancshares is a secured lender primarily focused on loans held for investment, excluding mortgage finance loans and other national lines of business.
Inhibrx Biosciences (INBX)
Director Douglas Forsyth bought 75,000 shares at an average price of $13.83, totaling $1.04 million. This purchase comes after Inhibrx Biosciences posted second-quarter EPS of $125.48 on August 13th. Inhibrx Biosciences is a clinical-stage biopharmaceutical company with a pipeline of novel therapeutic candidates, developed using its proprietary engineering platforms.
Remember, insider purchases should be considered alongside other factors when making investment decisions. This information should not be taken as financial advice.
