Insiders Buying Simply Good Foods 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.

Simply Good Foods

• The Trade: The Simply Good Foods Company SMPL President and COO Geoff Tanner acquired a total of 6,912 shares an average price of $36.17. To acquire these shares, it cost around $249.98 thousand.
• What’s Happening: Simply Good Foods reported second-quarter FY23 sales of $296.58 million, beating the consensus of $293.55 million and almost flat on a year-over-year basis.
• What Simply Good Foods Does: Simply Good Foods provides low-carbohydrate, high protein bars, shakes, and other products such as confections, chips, and cookies under the Atkins and Quest brands.

Cosmos Health

• The Trade: Cosmos Health Inc. COSM CEO Grigorios Siokas acquired a total of 2,238 shares at an average price of $24.37. To acquire these shares, it cost around $54.54 thousand.
• What’s Happening: Cosmos Health entered into a material definitive agreement with Pharmaceutical Laboratories CANA S.A.
• What Cosmos Health Does: Cosmos Health Inc is engaged in the nutraceuticals sector through its own proprietary lines of products 'Sky Premium Life' and 'Mediterranation'.

Don’t forget to check out our premarket coverage here

ACRES Commercial Realty

• The Trade: ACRES Commercial Realty Corp. ACR 10% owner Eagle Point DIF GP I LLC bought a total of 1,466 shares at an average price of $20.00. To acquire these shares, it cost around $29.32 thousand.
• What’s Happening: ACRES Commercial Realty recently posted upbeat quarterly results.
• What ACRES Commercial Realty Does: ACRES Commercial Realty Corp is a commercial real estate investment trust that focuses on real-estate-related assets and, to a lesser extent, commercial finance assets.

Check This Out: Investor Optimism Improves Ahead Of Inflation Data