Although US stocks closed lower on Wednesday, 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.

American Assets Trust

• The trade: American Assets Trust, Inc. AAT Chairman and CEO Ernest Rady acquired a total of 320,000 shares an average price of $17.78. The acquisition of these shares cost around 5.69 million US dollars.
• What’s up: American Assets Trust posted an increase in quarterly EPS.
• What American Assets Trust does: American Assets Trust Inc is a self-managed real estate investment trust based in the United States.

CNA Financial

• The trade: CNA Financial Corp CNA 10% owner Loews Corp acquired a total of 75,025 shares at an average price of $38.97. The purchase of these shares cost around 2.92 million US dollars.
• What’s up: CNA Financial reported worse than expected first quarter sales 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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Heartland Express

• The trade: Heartland Express, Inc. HTLD Director Michael John Sullivan bought a total of 2,000 shares at an average price of $14.49. It cost around $28.97,000 to acquire these shares.
• What’s up: Heartland Express released weak quarterly results.
• What Heartland Express does: Heartland Express Inc provides truckload services throughout the United States and Canada.

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