Executives Buying Core Scientific And 2 Other Stocks

Avi Kapoor

September 05, 2024

Although U.S. stocks closed mixed on Wednesday, 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.

Healthcare Realty Trust

The Trade: Healthcare Realty Trust Incorporated (NYSE:HR) Director Thomas N Bohjalian acquired a total of 14,000 shares at an average price of $17.88. To acquire these shares, it cost around $250,320.
What's Happening: On Aug. 2, Healthcare Realty Trust posted downbeat quarterly sales.
What Healthcare Realty Trust Does: Healthcare Realty Trust Inc is a healthcare facility real estate investment trust. The company focuses on owning, leasing, and managing outpatient facilities and other healthcare properties.

Westrock Coffee

The Trade: Westrock Coffee Company (NASDAQ:WEST) Director Joe T Ford acquired a total of 5,000 shares at an average price of $7.64. To acquire these shares, it cost around $38,200.
What's Happening: On Aug. 8, Westrock Coffee posted downbeat quarterly earnings.
What Westrock Coffee Does: Westrock Coffee Co is an integrated coffee, tea, flavors, extracts, and ingredients solutions provider in the U.S, providing coffee sourcing, supply chain management, product development, roasting, packaging, and distribution services to retail, foodservice and restaurant, convenience store and travel center, non-commercial account, CPG, and hospitality industries around the world.

Core Scientific

The Trade: Core Scientific, Inc. (NASDAQ:CORZ) Director Jarrod M Patten bought a total of 5,021 shares at an average price of $9.68. To acquire these shares, it cost around $1.98 million. The company's President and CEO also bought $48,596 shares.
What's Happening: On Sept. 4, Needham initiated coverage on the stock with a Buy rating and announced a $16 price target.
What Core Scientific Does: Core Scientific Inc is engaged in Blockchain and AI Infrastructure, Digital Asset Self-Mining, Premium Hosting, Blockchain Technology, and Artificial Intelligence related services.

Read More:

Wall Street’s Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 7% Dividend Yields

Recommended

Kamala Harris May Seize This Cutting-Edge Tech -- Act Now - Ad

4 Cryptos Set to Outperform Bitcoin in 2024 - Ad

Top AI Stock (It's Not MSFT, GOOGL, AMZN or AAPL) - Ad

Missouri scales back hemp-derived THC product ban, focusing on misbranding. Legal actions arise across states against similar restrictions.

After Lightning Port, EU Targets Apple's iPhone and iPad Systems, Demands Greater Access for Third-Party Developers

European Commission is investigating Apple's iPhone and iPad operating systems for potential antitrust violations and will complete proceedings in 6 months. Other Big Tech companies have faced similar scrutiny in the US and China for monopolistic practices.

Seven Unknown AI Stocks That Could Dominate the Next Six Years

Seven Unknown AI Stocks That Could Dominate the Next Six Years - Ad

The original "Magnificent Seven" stocks generated 16,800% over the last 20 years. But now a new set of AI stocks is set to take over. Alex Green dubs them "The Next Magnificent Seven." And he's arguing that just $1,000 in each could turn into more than $1 million in less than six years.

Trump Vs. Harris: Election Forecaster With 9 Out Of 10 Accurate Predictions Makes Final Call, Says This Person Will Be 'Next President Of The United States'

A famous election forecaster has made their final prediction on who will win the 2024 presidential election.

Peter Schiff Says Unlikely That Fed Rate Cuts Will Lower Borrowing Costs, Predicts Rising Mortgage Rates And Dollar Collapse â€” Suggests 100 Basis Points Rate Hike As Cure

Economist Peter Schiff has cautioned that the upcoming rate cuts by the Federal Reserve may not lower borrowing costs, according to a post on X on Monday.

A 10,000% Dividend?!?

A 10,000% Dividend?!? - Ad

Have you seen this strange oil investment? It's NOT a stock, bond, or private company...It has NO age requirements...You do NOT need to be accredited to participate... And you can get in for as little as $25.

Oregon governor uses new land use law to propose rural land for semiconductor facility

SALEM, Ore. (AP) — Oregon Gov. Tina Kotek is using a new land use law to propose a rural area for a semiconductor facility, as officials seek to lure more of the multibillion-dollar semiconductor industry to the state.

Scaramucci Says Melania Trump Would Prefer Kamala Harris To Donald Trump As President

Anthony Scaramucci has claimed that Melania Trump would rather see Kamala Harris win the presidency than her own husband.

Why Are These Strange "Accidents" Happening All Over America?

Why Are These Strange "Accidents" Happening All Over America? - Ad

Across America, strange "accidents" are happening in greater numbers than ever before. Jets are falling apart, chemicals are spilling, construction workers are being electrocuted -- and no one knows why. In his new exposé, American financial analyst Dan Ferris reveals the silent force behind this trend... why it's destroying this country from the inside... and where all signs suggest it's about to strike next: the U.S. stock market.

Goldman Sachs Sees Gold Higher, Takes A Downbeat Stance On Iron Ore

Goldman Sachs bullish on gold, citing central bank demand and expected Fed rate cut. Price target of $2,700/oz by 2025. Iron ore forecast downgraded.

NBA Legend Shaq Shows Off His New Widebody Carbon Fiber Tesla Cybertruck: Elon Musk Has A One Word Reaction

NBA legend Shaquille O'Neal, also known as Shaq, showed off his new Tesla Cybertruck featuring a widebody carbon fiber design, which is the first of its kind in the world.

Oil = Monthly Income

Oil = Monthly Income - Ad

Right now, there's an unusual $25 way to collect MONTHLY income from the oil markets. It's not a stock, bond, or anything you've likely heard about... But it's by far my #1 investment opportunity for 2024.

Longshoremen at key US ports threatening to strike over automation and pay

Determined to thwart the automating of their jobs, about 45,000 dockworkers along the U.S. East and Gulf Coasts are threatening to strike on Oct. 1, a move that would shut down ports that handle about half the nation's cargo from ships.

Americans Split On Election Result Acceptance Between Harris And Trump, Here Is The Candidate They Think More Likely To Accept Voters' Verdict

A survey conducted by ABC News/Ipsos has shed light on the American public's confidence in the acceptance of the upcoming November presidential election results by Vice President Kamala Harris and former President Donald Trump.

Exposed: Democrats' Secret Plan to Keep Trump Out of the White House

Exposed: Democrats' Secret Plan to Keep Trump Out of the White House - Ad

Former advisor to the CIA, the Pentagon and the White House Jim Rickards just released this shocking new video exposing Democrats' secret plan to keep Trump out of the White House... Even if he wins the election. See the details and learn how to prepare... Because this could trigger the biggest constitutional crisis in our nation's history.

Apple Staring At 'Lower Than Expected' Demand For iPhone 16 Pro And Pro Max In The First Weekend, Says Top Analyst

Apple is experiencing lower than anticipated demand for its iPhone 16 Pro and Pro Max models during the first weekend of pre-orders, according to top analyst Ming-Chi Kuo.

Consumer Tech News (Sep 8-Sep 14): Gaming Industry Biggies Facing Accusations For Decieving Players, Apple Launches iPhone 16 & More

The tech sector is facing weakness despite AI hype. Gaming companies face accusations of overspending, while Netflix's mobile gaming catalog hits 210M downloads. Microsoft's Xbox Game Pass overhaul impacts anticipated titles. DirecTV accuses Disney of bad faith negotiations.

The No. 1 AI Stock of 2024 (Not Nvidia)

The No. 1 AI Stock of 2024 (Not Nvidia) - Ad

It's not Nvidia, Meta Platforms, Alphabet, or Amazon. But thanks to a recent major deal, an under-the-radar stock could become the No. 1 winner of the AI boom. "This company just teamed up with one of the biggest power players in the AI industry... yet you can still buy it for just one-twelfth the price of Nvidia -- the time to buy is NOW," says Marc Chaikin.

Russian President Says Ukraine's Use Of Long-Range Missiles Would Signal That US And NATO 'Are At War With Russia'

Russia, the world's largest nuclear power, is currently revising its nuclear doctrine and considering curbs on major commodity exports.

China's economy softens in August as Beijing continues to grapple with lagging demand

BEIJING (AP) — China’s economy softened in August, extending a slowdown in industrial activity and real estate prices as Beijing faces pressure to ramp up spending to stimulate demand.

2024 Oil Boom

2024 Oil Boom - Ad

There is a much better way to profit from oil in 2024. It's NOT oil stocks, futures, or anything you've likely heard about. In fact, one man used it build a small $1,000 investment into a $100,000 income stream over fifty years.

Cathie Wood's Monday Maneuvers: Ark Invest Continues To Offload Robinhood And Palantir Shares

On Monday, Cathie Wood-led Ark Invest made significant trades, with Robinhood Markets Inc (NASDAQ:HOOD) and Palantir Technologies Inc (NYSE:PLTR) being the most prominent.

Atlantic City's top casino underpaid its online gambling taxes by $1.1M, regulators say

ATLANTIC CITY, N.J. (AP) — New Jersey gambling regulators say Atlantic City's top-performing casino, the Borgata, underpaid some of its internet gambling taxes twice by taking almost $15 million more in credits than it was entitled to.

Red-Hot AI Stock "Disappearing" Soon? (Get In Now)

Red-Hot AI Stock "Disappearing" Soon? (Get In Now) - Ad

Right now, there's an AI stock on the verge of being snapped up by a giant company... And when it does, its price could go flying. The potential gains could be astronomical. You want to get in before that happens... Otherwise the opportunity could pass you by. Your window to buy in is right now...

Navy officer demoted after installing unauthorized satellite dish on warship to access internet

SAN DIEGO (AP) — A U.S. Navy chief who wanted the internet so she and other enlisted officers could scroll social media, check sports scores and watch movies while deployed had an unauthorized Starlink satellite dish installed on a warship and lied to her commanding officer to keep it secret, according to investigators.

Mary Trump Shares Video 'Letter' To Uncle Donald Trump, Also Says He Pushed Her To Ketamine Therapy In New Book

Mary Trump, the niece of Donald Trump, has made a public statement to her uncle through a unique medium.

Prepare for President Kamala

Prepare for President Kamala - Ad

I won't be voting for her. Even so, I'm worried VP Kamala Harris could pull off a victory and become our next president. And it would be much worse than anything you might expect--especially when it comes to your money. Because likely WON'T get a second chance at recovering the money you stand to lose if she takes power.

Volkswagen Recalls Every ID.4 SUV in U.S. for Door Malfunction Concerns

German automaker Volkswagen is recalling 98,806 of its ID.4 electric SUVs in the U.S. citing concerns about the door handles opening unexpectedly, the U.S. National Highway Traffic Safety Administration said on Tuesday.

Gavin Newsom Signs Laws Aimed At Curbing Deepfakes Around Elections: 'Critical That We ensure AI Is Not Deployed To Undermine The Public's Trust'

California Governor Gavin Newsom has signed three bills to restrict the use of artificial intelligence in creating misleading political ads, making it illegal to distribute deepfakes related to elections around Election Day and requiring social media platforms to remove deceptive material.

Could You Retire on a Single AI Stock (Trading for Only $15)?

Could You Retire on a Single AI Stock (Trading for Only $15)? - Ad

Imagine what the perfect AI stock would look like...forefront of AI trend...virtual monopoly in its market... exempt from federal taxes. As you're about to see, this perfect AI stock does exist, and is currently trading for only $15. With just one investment, you could potentially set yourself up for massive financial gains.

Best Buy's Growth Will Be Driven By AI And Margin Expansion Despite Mixed Sector Challenges: Analysts

Best Buy beats expectations in Q2 with EPS of $1.34 and sales of $9.29B. Analysts raise price targets and EPS estimate for 2025.

Kim Jong Un's North Korea Outranks China As Russia's Top Ally In Ukraine Conflict, Says Military Intelligence Chief

North Korea has been dispatching millions of shells from its aging stockpiles and boosting domestic production to supply Russian forces.

Man Who Predicted Trump Win Issues Shocking New Election Prediction

Man Who Predicted Trump Win Issues Shocking New Election Prediction - Ad

In 2016, surveys were giving Hillary Clinton more than 99% chance of winning right up until election night. But right before the election... Former advisor to the CIA, Jim Rickards predicted Trump would win. You won't believe what he's predicting now. And it could have huge implications for the financial markets.

iPhone 16 Pro Vs. iPhone 15 Pro: Should You Upgrade To Apple's Latest iPhone?

The iPhone 16 Pro offers notable upgrades in display size, processing power, camera capabilities, and battery life over the iPhone 15 Pro, but the improvements may not be significant enough to justify an upgrade for all users unless these specific features are essential to them.

Moderna, Tyson Foods And Adobe Are Among Top 10 Large Cap Stock Losers Last Week (Sep 8-Sep 14): Are The Others In Your Portfolio?

10 worst performing large-cap stocks last week: RTO, ALLY, MRNA, HUM, TSN, BEKE, ADBE, RYAAY, JPM, DVN. Consider impact on your portfolio.

September 23 - The Biggest Crypto Event in History

September 23 - The Biggest Crypto Event in History - Ad

According to the man who called every major market top and bottom for the last 29 years... A single event triggering on September 23rd will send the crypto market soaring. But what's more exciting... is that this event could send a small sector of the crypto market soaring 5X, 25X, and even 100X higher in just days.

Jim Cramer Still Thinks 'Nvidia Could Go Lower' But Cautions Investors Against Panic Selling After DOJ Subpoena

Jim Cramer cautioned against panic selling Nvidia shares following news of a Justice Department subpoena over monopolistic practices.

Mohamed El-Erian Says While Most Assets Recovered After A 'Shaky Start' In August, Bitcoin Was Among The Exceptions

Mohamed El-Erian, Chief Economic Advisor at Allianz, noted Bitcoin's (CRYPTO: BTC) underperformance in August vis-à-vis other major asset classes.

New "Living Missile" to Replace Nuclear Missiles

New "Living Missile" to Replace Nuclear Missiles - Ad

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

Israel has a long history of pulling off complex attacks like the exploding pagers

JERUSALEM (AP) — Hezbollah and the Lebanese government were quick to blame Israel for the nearly used by the militant group's members in an attack Tuesday that killed at least nine people and wounded nearly 3,000 others, according to officials.

Trending Now