$16.5M Bet On This Healthcare Stock? Check Out These 4 Stocks Insiders Are Buying

Although U.S. stocks closed mixed 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.

Wave Life Sciences

• The Trade: Wave Life Sciences Ltd. WVE 10% owner GSK plc acquired a total of 3,300,000 shares an average price of $5.00. To acquire these shares, it cost around $16.5 million.
• What’s Happening: Leerink Partners, last month, upgraded the stock from Market Perform to Outperform and announced a $12 price target.
• What Wave Life Sciences Does: WAVE Life Sciences Ltd is a clinical-stage RNA medicines company committed to delivering life-changing treatments for people battling devastating diseases.

Corbus Pharmaceuticals

• The Trade: Corbus Pharmaceuticals Holdings, Inc. CRBP 10% owner Bihua Chen acquired a total of 282,632 shares at an average price of $32.24. To acquire these shares, it cost around $9.11 million.
• What’s Happening: Corbus Pharmaceuticals proposed to offer and sell common shares in an underwritten registered public offering.
• What Corbus Pharmaceuticals Does: Corbus Pharmaceuticals Holdings Inc is a clinical-stage pharmaceutical company focused on the development and commercialization of novel therapeutics for endocannabinoid or immune systems.

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Intel

• The Trade: Intel Corporation INTC CEO Patrick Gelsinger bought a total of 3,000 shares at an average price of $43.36. To acquire these shares, it cost around $130,083.
• What’s Happening: Intel issued first-quarter non-GAAP EPS and revenue guidance below estimates.
• What Intel Does: Intel is a leading digital chipmaker, focused on the design and manufacturing of microprocessors for the global personal computer and data center markets.

Texas Capital Bancshares

• The Trade: Texas Capital Bancshares, Inc. TCBI Director Robert Stallings bought a total of 10,000 shares at an average price of $19.49. The insider spent around $194,890 to buy those shares.
• What’s Happening: Texas Capital Bancshares posted downbeat quarterly earnings.
• What Texas Capital Bancshares Does: Texas Capital Bancshares Inc is a secured lender, with the majority of the loans held for investment, excluding mortgage finance loans and other national lines of business.

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