Insiders Buying Chewy And 2 Other Stocks

Although U.S. stocks closed higher on Thursday, 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.

Chewy

• The Trade: Chewy, Inc. CHWY Director James A Star acquired a total of 15,353 shares an average price of $19.60. To acquire these shares, it cost around $300,992.
• What’s Happening: The FDA has issued warning letters to Chewy and eight other companies for violating federal law by distributing or manufacturing unapproved and misbranded antimicrobial animal drugs for animals that could potentially give rise to drug-resistant superbugs.
• What Chewy Does: Chewy is the largest e-commerce pet care retailer in the U.S., generating $10.1 billion in 2022 sales across pet food, treats, hard goods, and pharmacy categories.

Easterly Government Properties

• The Trade: Easterly Government Properties, Inc. DEA Chairman Darrell W Crate acquired a total of 8,000 shares at an average price of $13.14. To acquire these shares, it cost around $105,120
• What’s Happening: Easterly Government Properties said Darrell Crate, the Co-Founder and current Chairman of the Board, has been named as CEO, effective Jan. 1, 2024..
• What Easterly Government Properties Does: Easterly Government Properties Inc is a real estate investment trust. It is engaged in the acquisition, development, and management of Class A commercial properties that are leased to U.S. government agencies.

Don’t forget to check out our premarket coverage here

Hillenbrand

• The Trade: Hillenbrand, Inc. HI Director Daniel C Hillenbrand bought a total of 2,448 shares at an average price of $40.62. To acquire these shares, it cost around $99,438.
• What’s Happening: On Nov. 15, Hillenbrand posted better-than-expected results for its fourth quarter.
• What Hillenbrand Does: Hillenbrand Inc is a U.S.-based company that operates through three segments.

Check This Out: 'Wait For A Pullback — You're Late To The Party': Jim Cramer Says About This Tech Stock