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Analyst ratings are quantitative and qualitative analysis of a stock by Wall Street stock rating analysts. Stock ratings consist of expected future growth, current stock valuation and macroeconomic trends.

Peter Skibitski's

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Although U.S. stocks closed mixed on Thursday, there were a few notable insider trades.



When insiders purchase shares, it indicates their confidence in the company&#8217;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 <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.



<h3 class="wp-block-heading">HighPeak Energy</h3>



<ul>
<li>The Trade: HighPeak Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HPK#NASDAQ">HPK</a>) CEO Jack Hightower <a href="https://www.benzinga.com/quote/hpk/analyst-ratings">acquired a total of 132,487 shares at</a> an average price of $15.45. To acquire these shares, it cost around $2.05 million.</li>



<li>What's Happening: On Aug. 5, HighPeak Energy posted downbeat quarterly results.</li>



<li>What HighPeak Energy Does: HighPeak Energy Inc is an independent oil and natural gas company focused on the development of unconventional oil and natural gas reserves in Howard County of the Midland Basin.</li>
</ul>



<h3 class="wp-block-heading">Mercury Systems</h3>



<ul>
<li>The Trade: Mercury Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRCY#NASDAQ">MRCY</a>) 10% owner Jana Partners Management, LP acquired a total of 13,600 shares at an average price of $37.25. To acquire these shares, it cost around $506,600.</li>



<li>What's Happening: On Aug. 19, Alembic Global analyst Peter Skibitski upgraded Mercury Systems from Neutral to Overweight.</li>



<li>What Mercury Systems Does: Mercury Systems Inc is a commercial technology company serving the aerospace and defense industry.</li>
</ul>



<h3 class="wp-block-heading">MYR Group</h3>



<ul>
<li>The Trade: MYR Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYRG#NASDAQ">MYRG</a>) Director Bradley Thede Favreau <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 1,005 shares</a> at an average price of $99.70. To acquire these shares, it cost around $100,199.</li>



<li>What's Happening: On July 31, MYR Group reported worse-than-expected quarterly financial results.</li>



<li>What MYR Group Does: MYR Group Inc is a U.S.-based holding company that provides specialty electrical construction services through its subsidiaries. </li>
</ul>



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Around $2M Bet On HighPeak Energy? Check Out These 3 Stocks Executives Are Buying

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>



<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58f9fdc60bd991000159a4c1/eric-wold">B. Riley Securities analyst Eric Wold</a> downgraded the rating for Cinemark Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) from Buy to Neutral and maintained the price target of $31. Cinemark shares gained 1.3% to close at $28.17 on Monday. <a href="https://www.benzinga.com/quote/CNK/analyst-ratings">See how other analysts view this stock.</a></li>



<li>Citigroup analyst Thomas Palmer downgraded The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) from Neutral to Sell and slashed the price target from $195 to $182. Hershey shares rose 0.04% to close at $196.41 on Monday. <a href="https://www.benzinga.com/quote/HSY/analyst-ratings">See how other analysts view this stock.</a></li>



<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/66267b7c68f1bf000101d455/peter-skibitski">Alembic Global analyst Peter Skibitski</a> downgraded the rating for Northrop Grumman Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) from Overweight to Neutral and announced a price target of $560. Northrop Grumman shares gained 0.5% to close at $512.00 on Monday. <a href="https://www.benzinga.com/quote/NOC/analyst-ratings">See how other analysts view this stock.</a></li>



<li>Citigroup analyst Alicia Yap downgraded PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) from Buy to Neutral and cut the price target from $194 to $120. PDD shares dipped 28.5% to settle at $100.00 on Monday. <a href="https://www.benzinga.com/quote/PDD/analyst-ratings">See how other analysts view this stock.</a></li>



<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58933b2243eaaa0001698f56/jason-mccarthy">Maxim Group analyst Jason McCarthy</a> downgraded the rating for Cyclo Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYTH#NASDAQ">CYTH</a>) from Buy to Hold. Cyclo Therapeutics shares rose 6.1% to close at $0.8277 on Monday. <a href="https://www.benzinga.com/quote/CYTH/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>



Considering buying HSY stock? Here&#8217;s what analysts think: 



<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="517" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/27085814/image-268-1024x517.png" alt="" class="wp-image-516105" style="width:483px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/27085814/image-268-1024x517.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/27085814/image-268-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/27085814/image-268-768x387.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/27085814/image-268.png 1330w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

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