Although US stocks closed higher on Wednesday, 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.

V2X

• The Trade: V2X, Inc. (NYSE:VVX) Director Dino Cusumano acquired a total of 375,420 shares at an average price of $39.96. To acquire these shares, it cost around $15 million.
• What’s Happening: Raymond James recently initiated coverage on the stock with a Strong Buy rating and a $50 price target.
• What V2X Does: V2X Inc formerly Vectrus Inc is a U.S.-based company that provides services to the U.S. government. It operates as one segment and offers facility and logistics services and information technology mission support and engineering and digital integration services.

Six Flags Entertainment

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