Insiders Buying Newell Brands And 2 Other Stocks

Although US stocks closed mixed on Monday, 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.

Heartland Financial

• The Trade: Heartland Financial USA, Inc. HTLF Director Robert B Engel acquired a total of 10,000 shares an average price of $24.49. To acquire these shares, it cost around $244.86 thousand.
• What’s Happening: Heartland Financial posted better-than-expected quarterly earnings.
• What Heartland Financial Does: Heartland Financial USA Inc is a multi-bank holding company that offers a wide range of commercial, small business, and consumer banking services to businesses, including public sector and non-profit entities, and individuals.

Newell Brands

• The Trade: Newell Brands Inc. NWL CFO Mark J Erceg acquired a total of 76,925 shares at an average price of $12.88. To acquire these shares, it cost around $990.78 thousand.
• What’s Happening: Newell Brands reported Q4 financial results and issued some Q1 and FY23 guidance metrics below consensus estimates.
• What Newell Brands Does: Newell Brands Inc is an American global consumer goods company.

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TrustCo Bank

• The Trade: TrustCo Bank Corp NY TRST Executive Vice President and CFO Michael M Ozimek bought a total of 2,500 shares at an average price of $33.99. To acquire these shares, it cost around $84.97 thousand.
• What’s Happening: Trustco Bank posted upbeat Q4 earnings.
• What TrustCo Bank Does: Trustco Bank Corp N Y is a savings and loan holding company. The core part of a business consists of accepting deposits and making loans and investments.

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