Over $1M Bet On This Consumer Cyclical Stock? Check Out These 3 Stocks Insiders Are Buying

U.S. stocks closed lower on Friday, but there were some notable insider trades worth mentioning. Insider purchases can indicate confidence in a company’s future or a belief that the stock is undervalued. While insider trades can be a helpful factor in decision-making, they should not be the sole basis for investment choices.

One recent insider purchase to note is from MasterCraft Boat Holdings, where 10% owner Adam Gray acquired 72,608 shares at an average price of $21.74, totaling around $1.58 million. MasterCraft Boat Holdings recently appointed Brad Nelson as CEO and specializes in designing, manufacturing, and marketing performance sport boats and outboard boats.

Another notable insider purchase was made by Pleasant Lake Partners LLC, a 10% owner of Citi Trends, who acquired 62,282 shares at an average price of $22.99, costing approximately $1.43 million. Citi Trends, a retailer of urban fashion apparel and accessories in the U.S., reported disappointing fourth-quarter financial results on March 19.

Postal Realty Trust’s CEO and Director, Andrew Spodek, bought 10,000 shares at an average price of $13.75, totaling around $137,500. Postal Realty Trust, an internally managed real estate corporation, saw positive quarterly sales on February 26. The company owns and manages properties leased to the United States Postal Service.

Keep an eye out for more insider transactions and stay informed about market movements.