Benzinga · Oct 16, 2021
The Past Week's Notable Insider Buys Included Digitalbridge, Life Time, A SPAC And More
Insider buying can be an encouraging signal for potential investors, especially when markets are uncertain. With the new earnings season underway, this week's most notable insider purchases were made by 10% owners. A SPAC about to go public and a recent initial public offering prompted insiders to scoop up shares. Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason: they believe the stock price will rise and they want to profit from it. So insider buying can be an encouraging signal for potential investors, particularly when there is uncertainty in the markets or the markets are near all-time highs. Note that with the new earnings-reporting season underway, the windows for many insiders to buy or sell shares are closed. Here are a few of the most noteworthy insider purchases that were reported in the past week. A beneficial owner of Digitalbridge Group Inc (NYSE: DBRG) returned to the buy window last week to acquire more than 1.14 million ...
