Although US stocks closed lower on Friday, 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.

AMERCO

• The trade: AMERCO UHAL 10% owner Clarendon Strategies LLC acquired a total of 248,300 shares an average price of $64.97. The purchase of these shares cost around 16.13 million US dollars.
• What’s happening: The company released weak Q2 results last month.
• What AMERCO does: Amerco Inc is an American provider of rental vehicles for moving companies.

Lazydays Stocks

• The trade: Lazydays Holdings, Inc. LAZY Director Christopher Shackelton acquired a total of 542,626 shares an average price of $11.61. The purchase of these shares cost around 6.3 million US dollars.
• What’s happening: Lazydays released better-than-expected third-quarter sales results last month.
• What Lazydays Holdings does: Lazydays Holdings Inc operates recreational vehicle dealerships.

Don’t forget to check out ours premarket coverage here .

Also Check This: CNN Fear & Greed Index in “neutral” zone after Dow falls 300 points

Beyond the Air

• The trade: Beyond the Air, Inc. XAIR Director To Robert Carey bought a total of 20,000 shares at an average price of $5.75. It cost around $115,000 to acquire these shares.
• What’s happening: Beyond Air reported a bigger-than-expected quarterly loss last month.
• What Beyond Air does: Beyond Air Inc is a clinical-stage medical device and biopharmaceutical company developing a nitric oxide (NO) generator and delivery system that utilizes NO generated from ambient air and delivers precise amounts of NO to the…