4 Stocks Insiders Are Buying

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.

Adicet Bio

• The Trade: Adicet Bio, Inc. ACET Director Andrew Sinclair acquired a total of 500000 shares at an average price of $14.00. To acquire these shares, it cost $7,000,000.00.
• What’s Happening: Adicet Bio recently priced an underwritten public offering of 6.25 million shares at $14.00 per share, raising gross proceeds of $87.5 million.
• What Adicet Bio Does: Adicet Bio Inc is a biotechnology company discovering and developing allogeneic gamma delta T cell therapies for cancer and other diseases.

Radius Health

• The Trade: Radius Health, Inc. RDUS 10% owner Efraim David Rosen acquired a total of 1593506 shares at an average price of $7.54. To acquire these shares, it cost $12,015,791.72.
• What’s Happening: Radius Health recently announced its wearABLe trial evaluating Abaloparatide Transdermal System did not meet its primary endpoint.
• What Radius Health Does: Radius Health Inc is an integrated biopharmaceutical company. It develops and commercializes endocrine therapeutics in the areas of osteoporosis and oncology.

Barnes & Noble Education

• The Trade: Barnes & Noble Education, Inc. BNED Director Zachary Levenick bought a total of 30000 shares at an average price of $7.48. To acquire these shares, it cost $224,303.28.
• What’s Happening: Barnes & Noble Education, last month, reported second-quarter FY22 sales growth of 5.3% year-on-year, to $626.98 million.
• What Barnes & Noble Education Does: Barnes & Noble Education Inc is an operator of bookstores in college and university campuses across the United States and it also engaged in providing digital education services.

Cleveland-Cliffs

• The Trade: Cleveland-Cliffs Inc. CLF Director Ralph Michael III bought a total of 10000 shares at an average price of $20.11. The insider spent $201,060.00 to buy those shares.
• What’s Happening: The company’s stock has jumped over 40% since the start of the year.
• What Cleveland-Cliffs Does: Cleveland-Cliffs Inc is a flat-rolled steel producer and a manufacturer of iron ore pellets in North America. It is vertically integrated from mined raw materials and direct reduced iron to primary steelmaking and downstream finishing, stamping, tooling and tubing.