Insiders Buying Lions Gate Entertainment And 2 Other Stocks

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.

Lions Gate Entertainment

• The Trade: Lions Gate Entertainment Corp. (NYSE: LGF-B) Director John D. Harkey Jr. acquired a total of 100,000 shares an average price of $8.52. To acquire these shares, it cost around $852,000.
• What’s Happening: Lionsgate reported fourth quarter revenue of $1.1 billion and operating loss of $49.6 million.
• What Lions Gate Entertainment Does: Lions Gate Entertainment Corp is engaged in entertainment business.

Asana

• The Trade: Asana, Inc. ASAN President, CEO and Chairman Dustin Moskovitz acquired a total of 80,000 shares at an average price of $23.90. To acquire these shares, it cost around $1.91 million.
• What’s Happening: Citigroup recently maintained Asana with a Neutral and raised the price target from $24 to $26.
• What Asana Does: Asana Inc is a software company. The company provides a platform for work management that helps teams orchestrate work, from daily tasks to cross-functional strategic initiatives.

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Calavo Growers

• The Trade: Calavo Growers, Inc. CVGW Director Steve Hollister bought a total of 2,000 shares at an average price of $30.59. To acquire these shares, it cost around 61,180.00.
• What’s Happening: Calavo Growers reported worse-than-expected second-quarter financial results and issued guidance.
• What Calavo Growers Does: Calavo Growers Inc is in the avocado industry and an expanding provider of value-added fresh food.

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