$1.8M Bet On DISH Network? Check Out These 3 Stocks Insiders Are Buying

Although US stocks closed mostly lower 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.

DISH Network

• The Trade: DISH Network Corporation DISH Director James Defranco acquired a total of 300,000 shares an average price of $6.00. To acquire these shares, it cost around $1.8 million.
• What’s Happening: Palo Alto Networks will replace DISH Network in the S&P 500 index.
• 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.

M&T Bank

• The Trade: M&T Bank Corporation MTB Sr. EVP and CFO Daryl Bible acquired a total of 10,000 shares at an average price of $120.61. To acquire these shares, it cost around $1.21 million.
• What’s Happening: M&T Bank reported better-than-expected first-quarter results.
• What M&T Bank Does: M&T Bank is one of the largest regional banks in the United States, with branches in New York, Pennsylvania, West Virginia, Virginia, Maryland, Delaware, and New Jersey.

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Huntsman

• The Trade: Huntsman Corporation HUN Exec VP, GC and Sec David Stryker bought a total of 2,500 shares at an average price of $24.50. To acquire these shares, it cost around $61.25 thousand.
• What’s Happening: Huntsman reported first-quarter revenues declined 27% Y/Y to $1.61 billion, missing the consensus of $1.68 billion.
• What Huntsman Does: Huntsman Corp is a us-based manufacturer of differentiated organic chemical products. Its product portfolio comprises Methyl diphenyl diisocyanate (MDI), Amines, Maleic anhydride, Epoxy-based polymer formulations.

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