Over $37M Bet On This Industrial Stock? Check Out These 4 Stocks Insiders Are Buying

Although U.S. stocks closed sharply lower on Tuesday, 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.

Children's Place

• The Trade: The Children's Place, Inc. PLCE 10% owner Muhammad Asif Seemab acquired a total of 1,849,397 shares an average price of $11.02. To acquire these shares, it cost around $20.39 million.
• What’s Happening: B. Riley Securities analyst Jeff Lick downgraded Children's Place from Neutral to Sell and lowered the price target from $19 to $4.
• What Children's Place Does: Children's Place Inc is pure-play children's specialty apparel retailer in North America.

PepGen

• The Trade: PepGen Inc. PEPG Director Rajeev M. Shah acquired a total of 2,557,593 shares at an average price of $10.64. To acquire these shares, it cost around $27.2 million.
• What’s Happening: PepGen reported pricing of offering of 7.53 million shares of its common stock at $10.635 per share.
• What PepGen Does: PepGen Inc is a clinical-stage biotechnology company advancing the next generation of oligonucleotide therapeutics with the goal of transforming the treatment of severe neuromuscular and neurologic diseases.

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V.F. Corporation

• The Trade: V.F. Corporation VFC Director Juliana L Chugg bought a total of 11,341 shares at an average price of $17.02. To acquire these shares, it cost around $199,048.
• What’s Happening: VF Corp expanded board with appointment of Caroline Brown following engagement with Engaged Capital.
• What V.F. Corporation Does: VF designs, produces, and distributes branded apparel, footwear, and accessories. Its apparel categories are active, outdoor, and work.

Mercury Systems

• The Trade: Mercury Systems, Inc. MRCY 10% owner Jana Partners Management, LP bought a total of 1,335,848 shares at an average price of $27.90. The insider spent around $37.27 million to buy those shares. The company’s President & CEO also bought 7,066 shares of the company.
• What’s Happening: Mercury Systems reported worse-than-expected second-quarter financial results.
• What Mercury Systems Does: Mercury Systems Inc is a commercial technology company serving the aerospace and defense industry.

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