$5.5 Million Bet On This Biotechnology Stock? Check Out These 3 Stocks Insiders Are Buying

Although US 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.

Pre-IPO Offer: Get A Piece Of A Nearly $5T Global Opportunity By Joining BOXABL As An Early Shareholder At Just $0.80/Share

Massive Demand & Disruptive Potential – Boxabl has received interest for over 190,000 homes, positioning itself as a major disruptor in the housing market.
Revolutionary Manufacturing Approach – Inspired by Henry Ford’s assembly line, Boxabl’s foldable tiny homes are designed for high-efficiency production, making homeownership more accessible.
Affordable Investment Opportunity – With homes priced at $60,000, Boxabl is raising $1 billion to scale production, offering investors a chance to own a stake in its growth.

Share Price: $0.80

Min. Investment: $1,000

Valuation: $3.5B

Terns Pharmaceuticals

The Trade: Terns Pharmaceuticals, Inc. TERN 10% owner Vivo Capital Surplus Fund VIII, L.P. acquired a total of 758,620 shares an average price of $7.25. To acquire these shares, it cost around $5.5 million.
What’s Happening: Terns Pharmaceuticals recently announced a proposed $75 million public offering.
What Terns Pharmaceuticals Does: Terns Pharmaceuticals Inc is a clinical-stage biopharmaceutical company.

Noodles & Company

The Trade: Noodles & Company NDLS 10% owner Thomas Lynch acquired a total of 113,730 shares at an average price of $4.95. To acquire these shares, it cost around $563.14 thousand.
What’s Happening: Noodles, last month, reported worse-than-expected Q3 EPS results.
What Noodles & Company Does: Noodles & Co is a restaurant concept offering lunch and dinner within the fast-casual segment of the restaurant industry.

Don’t forget to check out our premarket coverage here

Check This Out: Investor Fear Eases After US Stocks Record Gains

HighPeak Energy

The Trade: HighPeak Energy, Inc. HPK CEO Jack Hightower bought a total of 50,000 shares at an average price of $21.91. To acquire these shares, it cost around $1.1 million.
What’s Happening: HighPeak Energy, last month, reported worse-than-expected Q3 EPS and sales results.
What HighPeak Energy Does: HighPeak Energy Inc is an independent oil & natural gas company focused on the development of unconventional oil and natural gas reserves in primarily Howard County of the Midland Basin.