Insiders Buying Compass Minerals International And 2 Other Stocks

Although U.S. stocks closed mixed 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.

Northwest Bancshares

• The Trade: Northwest Bancshares, Inc. NWBI EVP, Chief Information Officer Scott J Watson acquired a total of 5,000 shares an average price of $12.90. To acquire these shares, it cost around $64,512.
• What’s Happening: Northwest Bancshares posted downbeat quarterly earnings.
• What Northwest Bancshares Does: Northwest Bancshares Inc is a stockholding company for Northwest Bank. Northwest Bank is a stock savings bank and a community-oriented financial institution offering personal and banking business solutions, investment management, trust services and insurance products.

Compass Minerals International

• The Trade: Compass Minerals International, Inc. CMP Director Joseph Reece acquired a total of 5,000 shares at an average price of $21.24. To acquire these shares, it cost around $106,200.
• What’s Happening: Compass Minerals named Edward Dowling as President and CEO, succeeding Kevin Crutchfield.
• What Compass Minerals International Does: Compass Minerals currently produces two primary products: salt and specialty potash fertilizer. The company's main assets include rock salt mines in Ontario, Louisiana, and the United Kingdom and a salt brine operation at the Great Salt Lake in Utah that produces sulfate of potash and magnesium chloride.

Don’t forget to check out our premarket coverage here

authID

• The Trade: authID Inc. AUID 10% owner Stephen Jeffrey Garchik bought a total of 3,311 shares at an average price of $8.89. To acquire these shares, it cost around $29,435.
• What’s Happening: authID signed new customer contracts with gross Booked Annual Recurring Revenue or preliminarily valued at $1.7 million in the fourth quarter.
• What authID Does: AuthID Inc is a provider of an Identity as a Service (IDaaS) platform that delivers a suite of secure, mobile, biometric identity solutions.

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