$698 Million Bet On This Energy Stock? 3 Stocks Insiders are Buying

Although US stocks closed higher on Thursday, 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. FedEx The Trade: FedEx Corporation (NYSE: FDX ) Director Vincenzo J Vena acquired a total of 900 shares ... Full story available on Benzinga.com