Keurig Dr Pepper And 2 Other Stocks Insiders Are Buying

Although US stocks closed sharply higher 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.

Comtech Telecommunications

• The Trade: Comtech Telecommunications Corp. CMTL Director Lisa Lesavoy acquired a total of 10,000 shares at an average price of $10.22. To acquire these shares, it cost around $102.2 thousand.
• What’s Happening: The company’s stock gained around 7% over the past month.
• What Comtech Telecommunications Does: Comtech Telecommunications Corp is a provider of advanced communications solutions.

Herc Holdings

• The Trade: Herc Holdings Inc. HRI SVP and CFO Mark Irion acquired a total of 375.58 shares at an average price of $130.95. To acquire these shares, it cost around $49.18 thousand.
• What’s Happening: Keybanc recently maintained Herc Hldgs with an Overweight and lowered the price target from $155 to $130.
• What Herc Holdings Does: Herc Holdings is an equipment rental company that was spun out of Hertz Global in 2016.

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Keurig Dr Pepper

• The Trade: Keurig Dr Pepper Inc. KDP Chief Supply Chain Officer Anthony Maurice Milikin bought a total of 12,979 shares at an average price of $36.36. To acquire these shares, it cost around $471.92 thousand.
• What’s Happening: Keurig Dr Pepper said, effective July 29, George Lagoudakis, has been appointed to interim role of KDP CFO.
• What Keurig Dr Pepper Does: Keurig Dr Pepper, the product of a 2018 merger between Dr Pepper Snapple and Keurig Green Mountain, is the third-largest nonalcoholic beverage company in North America.