$9.6M Bet On Energy Transfer? Check Out These 4 Stocks Insiders Are Buying

Although US stocks closed lower on Tuesday, 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.

Lazydays Holdings

• The Trade: Lazydays Holdings, Inc. LAZY Director Christopher Shackelton acquired a total 731,627 shares an average price of $11.20. To acquire these shares, it cost around $8.19 million.
• What’s Happening: Lazydays Hldgs reported a loss for its first quarter.
• What Lazydays Holdings Does: Lazydays Holdings Inc operates recreational vehicle dealerships. It provides products and services for RV owners and outdoor enthusiasts.

Akero Therapeutics

• The Trade: Akero Therapeutics, Inc. AKRO Director Walmsley Graham acquired a total of 520,000 shares at an average price of 29.69. To acquire these shares, it cost around $15.44 million.
• What’s Happening: Akero Therapeutics priced its 5.239 million shares at $42.00 per share, for gross proceeds of approximately $220 million.
• What Akero Therapeutics Does: Akero Therapeutics Inc is a clinical-stage biotechnology company focused on developing and commercializing transformative treatments for serious metabolic diseases with high unmet medical needs.

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Energy Transfer

• The Trade: Energy Transfer LP ET Executive Chairman Kelcy Warren bought a total of 750,000 shares at an average price of $12.79. To acquire these shares, it cost around $9.59 million.
• What’s Happening: Energy Transfer reported worse-than-expected first-quarter results.
• What Energy Transfer Does: Energy Transfer owns a large platform of crude oil, natural gas, and natural gas liquid assets primarily in Texas and the U.S. midcontinent region.

H&R Block

• The Trade: H&R Block, Inc. HRB Director Richard Johnson bought a total 10,000 shares at an average price of $29.54. The insider spent around $295.38 thousand to buy those shares.
• What’s Happening: H&R Block cut its 2023 outlook.
• What H&R Block Does: H&R Block Inc provides income tax return preparation services, digital do-it-yourself tax solutions, and other services related to income tax preparation to the general public primarily in the United States, Canada, and Australia.

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