Insiders Buy Around $70M Of 4 Stocks: Six Flags Entertainment, MGM Resorts And More
Although US stocks closed higher on Monday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company''s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga''s insider transactions platform. Six Flags Entertainment The Trade: Six Flags Entertainment Corporation (NYSE: SIX ) Director Arik W Ruchim acquired a total of 525,000 shares at an average price of $23.82. To acquire these shares, it cost around $12.5 million. What’s Happening: Six Flags Entertainment recently reported a second-quarter … Full story available on Benzinga.com
Insiders Buy Around $70M Of 4 Stocks: Six Flags Entertainment, MGM Resorts And More
Although US stocks closed higher on Monday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company''s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga''s insider transactions platform. Six Flags Entertainment The Trade: Six Flags Entertainment Corporation (NYSE: SIX ) Director Arik W Ruchim acquired a total of 525,000 shares at an average price of $23.82. To acquire these shares, it cost around $12.5 million. What’s Happening: Six Flags Entertainment recently reported a second-quarter … Full story available on Benzinga.com