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

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

Heartland Express

• The Trade: Heartland Express, Inc. HTLD CEO Michael J Gerdin acquired a total of 107,605 shares at an average price of $10.74. To acquire these shares, it cost around $1.12 million.
• What's Happening: On April 23, Heartland Express reported better-than-expected first-quarter sales results.
• What Heartland Express Does: Heartland Express Inc is engaged in providing truckload services across the United States and Canada.

Logitech International

• The Trade: Logitech International S.A. LOGI CFO Charles D Boynton acquired a total of 1,225 shares at an average price of $81.27. To acquire these shares, it cost around $99,560..
• What's Happening: On April 29, Logitech International posted better-than-expected fourth-quarter earnings.
• What Logitech International Does: Logitech was founded in 1981 and is headquartered in Lausanne, Switzerland.

Don’t forget to check out our premarket coverage here

Delta Air Lines

• The Trade: Delta Air Lines, Inc. DAL Director Willie CW Chiang bought a total of 10,000 sharesat an average price of $49.50. To acquire these shares, it cost around $494,955.
• What's Happening: On April 10, Delta Air Lines reported better-than-expected first-quarter earnings.
• What Delta Air Lines Does: Atlanta-based Delta Air Lines is one of the world’s largest airlines, with a network of over 300 destinations in more than 50 countries.

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