Bet $12.5 million on this tech stock? Check out these 4 stock insiders…

Bet $12.5 million on this tech stock? Check out these 4 stock insiders…

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Although US stocks ended mostly in the red on Tuesday, there was some notable insider trading.

When insiders buy stock, it signals their confidence in the company’s prospects or that they see the stock as a bargain. In any case, this indicates an opportunity to take long positions in the stock. Insider buying should not be used as the sole indicator of an investment or trading decision. In the best case, it can convince a purchase decision.

Below is a look at some notable insider purchases of recent times. More information can be found here Benzinga Insider Transactions Platform.

Bread Financial Holdings

  • The trade: Bread Financial Holdings, Inc. BFH 10% owner Turtle Creek Asset Management Inc acquired a total of 210,000 shares an average price of 27.43. The purchase of these shares cost around 5.76 million US dollars.
  • What’s up: Bread Finl Hldgs reported a sharp increase in earnings per share for the first quarter.
  • What Bread Financial Holdings does: Comprising a combination of JCPenney’s credit card processing unit and The Limited’s credit card banking business, Bread Financial is a provider of private label and co-branded credit cards, loyalty programs and marketing services.

toast

  • The trade: Toast, Inc. TOOST Director David Yuan purchased a total of 635,000 shares at an average price of $19.74. The purchase of these shares cost around 12.53 million US dollars.
  • What’s up: Toast reported better-than-expected first-quarter results and raised its FY23 guidance.
  • What toast does: Toast is a US-based restaurant technology company that will provide point-of-sale, payment processing and miscellaneous software services to 79,000 restaurant locations across the United States by the end of 2022.

Don’t forget to check out ours Pre-launch coverage can be found here

Howard Hughes

  • The trade: The Howard Hughes Corporation HHC Director William Ackman bought a total of 65,908 shares at an average price of $74.05. The purchase of these shares cost around 4.88 million US dollars.
  • What’s up: Howard Hughes posted a…



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