Over $1M Bet On Carnival? Check Out These 3 Stocks Insiders Are Buying

Although U.S. 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.

BioLife Solutions

• The Trade: BioLife Solutions, Inc. BLFS 10% owner Eli Casdin acquired a total of 927,165 shares an average price of $11.19. To acquire these shares, it cost around $10.37 million.
• What’s Happening: BioLife Solutions named Roderick de Greef as CEO, Chairman of Board.
• What BioLife Solutions Does: BioLife Solutions Inc is active in the healthcare segment. The company is engaged in developing, manufacturing and marketing a portfolio of biopreservation tools and services for cells, tissues and organs, including clinical grade cell and tissue hypothermic storage and cryopreservation freeze media and a related cloud, hosted biologistics cold chain management application for shippers.

AMREP

• The Trade: AMREP Corporation AXR Director Robert Robotti acquired a total of 3,392 shares at an average price of $16.48. To acquire these shares, it cost around $55,908.
• What’s Happening: AMREP reported net income of $1,346,000, or $0.25 per diluted share, for its 2024 fiscal first quarter ended July 31, 2023.
• What AMREP Does: Amrep Corp through its subsidiaries is engaged in the Real estate business. Its activities include land sales and lease activities, which involve the obtaining of approvals and the sale of both developed and undeveloped lots to homebuilders, commercial users, and others, as well as investments in commercial and investment properties.

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Carnival

• The Trade: Carnival Corporation CCL Director Randall J Weisenburger bought a total of 100,000 shares at an average price of $11.50. To acquire these shares, it cost around $1.15 million.
• What’s Happening: UBS analyst Robin Farley recently maintained Carnival with a Buy and lowered the price target from $23 to $20.
• What Carnival Does: Carnival is the largest global cruise company, with 90 ships in service at the end of fiscal 2022.

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