Insiders Buying Westrock Coffee And 3 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.

Empire Petroleum

• The Trade: Empire Petroleum Corporation (NYSE:EP) 10% owner Energy Evolution Master Fund Ltd acquired a total of 1,256,832 shares an average price of $8.00. To acquire these shares, it cost around $10.05 million.
• What’s Happening: On Nov. 13, Empire Petroleum Reported product revenue of $10.3 million and a net loss of $2.7 million for the third quarter.
• What Empire Petroleum Does: Empire Petroleum Corp is engaged in the exploration and development of oil and natural gas in the United States.

Pulse Biosciences

• The Trade: Pulse Biosciences, Inc. (NASDAQ:PLSE) Director Robert Duggan acquired a total of 220,267 shares at an average price of $9.35. To acquire these shares, it cost around $2.06 million.
• What’s Happening: Pulse Biosciences recently said it has received all regulatory approvals and it has substantially completed all required activities to commence its planned catheter ablation feasibility study.
• What Pulse Biosciences Does: Pulse Biosciences Inc is a novel bioelectric medicine company committed to health innovation using its patented Nano-Pulse Stimulation technology, a revolutionary energy modality that delivers nanosecond-duration pulses of electrical energy, each less than a millionth of a second long, to non-thermally clear targeted cells while sparing adjacent noncellular tissue.

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Howard Hughes Holdings

• The Trade: Howard Hughes Holdings Inc. (NYSE:HHH) Director William Ackman bought a total of 145,121 shares at an average price of $74.07. To acquire these shares, it cost around $10.75 million.
• What’s Happening: On Nov. 6, Howard Hughes posted upbeat results for the third quarter.
• What Howard Hughes Holdings Does: Howard Hughes Holdings Inc owns, manages, and develops commercial, residential, and mixed-use real estate throughout the USA.

Westrock Coffee

• The Trade: Westrock Coffee Company (NASDAQ:WEST) Director Joe T Ford bought a total of 10,000 shares at an average price of $9.25. The insider spent around $92,500 to buy those shares.
• What’s Happening: On Nov. 9, Westrock Coffee reported worse-than-expected third-quarter sales results and issued guidance.
• What Westrock Coffee Does: Westrock Coffee Co is an integrated coffee, tea, flavors, extracts, and ingredients solutions provider in the U.S, providing coffee sourcing, supply chain management, product development, roasting, packaging, and distribution services to retail, foodservice and restaurant, convenience store and travel center, non-commercial account, CPG, and hospitality industries around the world.

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