Insiders Buying Synchronoss Technologies And 2 Other Stocks

Although U.S. stocks closed mixed on Thursday, 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.

Synchronoss Technologies

• The Trade: Synchronoss Technologies, Inc. SNCR Director Kevin Rendino acquired a total of 4,735 shares an average price of $5.83. To acquire these shares, it cost around $27,606.
• What’s Happening: Synchronoss recently regained compliance with Nasdaq minimum bid price requirement.
• What Synchronoss Technologies Does: Synchronoss Technologies Inc is a provider of cloud- and software-based activation solutions for mobile carriers, enterprises, retailers, and original equipment manufacturers.

abrdn Healthcare Investors

• The Trade: abrdn Healthcare Investors HQH Director Todd Reit acquired a total of 1,000 shares at an average price of $16.93. To acquire these shares, it cost around $16,929.
• What’s Happening: abrdn Healthcare Investors shares gained around 12% over the past month.
• What abrdn Healthcare Investors Does: abrdn Healthcare Investors Formerly Tekla Healthcare Investors is the United States based non-diversified closed-end management investment company.

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Sound Financial Bancorp

• The Trade: Sound Financial Bancorp, Inc. SFBC 10% owner Stilwell Partners L P bought a total of 500 shares at an average price of $39.43. To acquire these shares, it cost around $19,717.
• What’s Happening: Sound Financial Bancorp, during October, posted a decline in third-quarter sales.
• What Sound Financial Bancorp Does: Sound Financial Bancorp Inc operates as the holding company for Sound Community Bank that provides traditional banking and other financial services for individuals and businesses.

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