Insiders Buying Delta Air Lines And 3 Other Stocks
Although U.S. stocks closed higher 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.
Luxfer Holdings
- The Trade: Luxfer Holdings PLC (NYSE:LXFR) Director Patrick K Mullen acquired a total of 11,735 shares an average price of $8.37. To acquire these shares, it cost around $98,222.
- What’s Happening: Luxfer Holdings posted upbeat sales for the third quarter.
- What Luxfer Holdings Does: Luxfer Holdings PLC is a global manufacturer of highly-engineered industrial materials which focuses on value creation by using its broad array of technical know-how and proprietary technologies.
Citizens Financial
- The Trade: Citizens Financial Group, Inc. (NYSE:CFG) Director Terrance Lillis acquired a total of 1,000 shares at an average price of $22.87. To acquire these shares, it cost around $22,865..
- What’s Happening: The company reported a revenue decline of 7% Y/Y to $2.01 billion, missing the analyst consensus of $2.04 billion.
- What Citizens Financial Does: Citizens Financial Group is a bank holding company headquartered in Providence, Rhode Island. Its two primary business segments are consumer banking and commercial banking.
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Delta Air Lines
- The Trade: Delta Air Lines, Inc. (NYSE:DAL) Director David S Taylor bought a total of 10,000 shares at an average price of $30.75. To acquire these shares, it cost around $307,500.
- What’s Happening: Delta Air Lines reported better-than-expected earnings for its third quarter.
- What Delta Air Lines Does: Atlanta-based Delta Air Lines is one of the world's largest airlines, with a network of over 300 destinations in more than 50 countries.
Terex
- The Trade: Terex Corporation (NYSE:TEX) Director Andra Rush bought a total of 1,130 shares at an average price of $44.31. The insider spent around $50,070 to buy those shares.
- What’s Happening: Terex Corporation posted better-than-expected quarterly sales.
- What Terex Does: Terex is a global manufacturer of aerial work platforms, materials processing equipment, and specialty equipment, such as material handlers, cranes, and concrete mixer trucks.
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