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Although U.S. stocks closed higher on Thursday, there were some notable insider trades.
When insiders buy shares, it’s a sign that they’re confident in the company’s prospects or that they think the stock is a bargain. Either way, this marks an opportunity to go long in the stock. Insider buying should not be viewed as the sole indicator for making an investment or trading decision. At best, it can provide confidence in a buying decision.
Here are some recent notable insider purchases.For more information, check out Benzinga’s Insider Trading platform.
Dave and Buster’s Entertainment
- trading: Dave and Buster’s Entertainment Play 10% owner Scott Ross A total of 300,000 shares were acquired The average price is $32.29. The cost of acquiring these shares was approximately $9.69 million.
- what happened: Piper Sandler recently maintained Dave & Buster’s Neutral and lowered its price target to $34 from $44.
- What Dave & Buster’s do: Dave & Buster’s Entertainment Inc owns and operates nearly a hundred entertainment and dining establishments in the United States where customers can eat, drink, play games and watch televised sporting events.
Coinbase Global
- trading: Coinbase Global Inc coin Director Tobias Lutke A total of 5,519 shares were acquired The average price was $67.61. The cost of acquiring these shares is approximately $373,140.
- what happened: Signature Bank and Coinbase Exchange recently announced an expanded partnership today.
- What Coinbase Global does: Founded in 2012, Coinbase is the leading cryptocurrency trading platform in the United States. The company intends to be a safe and compliant entry point for retail investors and institutions into the cryptocurrency economy.
Don’t forget to check out our Pre-market coverage is here .
SEE ALSO: Beyond Meat, Morgan Stanley and some other big-cap stocks lower in premarket trading today
Enviva
- trading: Enviva EVA Chairman and Chief Executive Officer John K. Kepler 4,943 shares bought The average price is $50.65. The cost of acquiring these shares is approximately $250,360.
- what happened: Blue Orca recently issued a bearish report on the stock.
- What Enviva does: Enviva Inc is a global energy company focused on sustainable wood bioenergy.
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