Although US stocks closed lower on Tuesday, there was some notable insider trading.

When insiders buy stock, it shows they have confidence in the company’s prospects or that they see the stock as a bargain. Either way, it signals an opportunity to go long the stock. Insider buying should not be taken as the sole indicator of an investment or trading decision. At best, it can convince a purchase decision.

Below is a look at some notable recent insider purchases. For more information, see Benzinga insider trading Platform.

NortonLifeLock

• The trade: Norton LifeLock Inc. NLOK President Ondrej Vleck acquired a total of 456,475 shares an average price of $21.91. The acquisition of these shares cost around 10 million US dollars.
• What’s happening: NortonLifeLock last month reported worse-than-expected first-quarter sales results.
• What NortonLifeLock does: NortonLifeLock is a cybersecurity-only product that provides security, identity protection, and privacy solutions to individual consumers.

CNA Financial

• The trade: CNA Financial Corp CNA 10% owner Loews Corp acquired a total of 204,697 shares at an average price of $38.88. The purchase of these shares cost around 7.96 million US dollars.
• What’s happening: CNA Financial last month reported worse-than-expected second-quarter EPS results.
• What CNA Financial does: CNA Financial Corporation (CNAF) is an insurance holding company that provides commercial property and casualty insurance.

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Also check this out: Fear is on the rise among US investors, here’s why

soldering

• The trade: Braze, Inc. BRZE Director Matthew Jacobson bought a total of 414,137 shares at an average price of $35.01. The purchase of these shares cost around 14.5 million US dollars.
• What’s happening: Braze recently released Q2 earnings numbers and an adjusted Q3 EPS forecast below estimates.
• What Braze does: Braze Inc is a customer engagement platform that drives customer-centric interactions…