Around $17 Million Bet On This Healthcare Stock? 4 Stocks Insiders Are Buying

Although US stocks closed higher 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.

DISH Network

• The Trade: DISH Network Corporation DISH Director James Defranco acquired a total of 110,000 shares at an average price of $16.73. To acquire these shares, it cost around $1.84 million.
• What’s Happening: DISH Network, last month, reported a second-quarter FY22 revenue decline of 6.2% year-on-year to $4.21 billion.
• What DISH Network Does: From its founding in the 1980s Dish Network has primarily focused on the satellite television business, capitalizing on technological advancements to expand its reach.

CNA Financial

• The Trade: CNA Financial Corporation CNA 10% owner Loews Corp acquired a total of 144,297 shares at an average price of $39.81. To acquire these shares, it cost around $5.74 million.
• What’s Happening: CNA Financial, last month, reported worse-than-expected Q2 EPS results.
• What CNA Financial Does: CNA Financial Corporation (CNAF) is an insurance holding company that provides commercial property and casualty insurance.

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Hanesbrands

• The Trade: Hanesbrands Inc. HBI CEO Stephen Bratspies bought a total of 30,000 shares at an average price of $8.65. To acquire these shares, it cost around $259.5 thousand.
• What’s Happening: Hanesbrands, last month, reported worse-than-expected Q2 results and issued soft Q3 guidance.
• What Hanesbrands Does: Hanesbrands manufactures basic and athletic apparel under brands including Hanes, Champion, Playtex, Maidenform, Bali, and Bonds.

Medpace Holdings

• The Trade: Medpace Holdings, Inc. MEDP CEO August J Troendle bought a total 113,114 shares at an average price of $149.15. The insider spent around $16.87 million to buy those shares.
• What’s Happening: UBS recently initiated coverage on Medpace Hldgs with a Sell rating and announced a price target of $142.
• What Medpace Does: Medpace Holdings Inc is a clinical contract research organization. It is engaged in scientifically-driven outsourced clinical development services to the biotechnology, pharmaceutical, and medical device industries.