2 Stocks with Significant Insider Buying By StockNews – Investing.com

2 Stocks with Significant Insider Buying By StockNews – Investing.com

© Reuters. 2 Stocks with Significant Insider Buying

The purchase of a company's shares by its own executives is usually regarded favorably because such buyers often have insight into a company's growth drivers to which the public is not privy. Amid surging market volatility, we think betting on the share of Energy Transfer (NYSE:) and Patrick Industries (NASDAQ:)—which have both been heavily bought by insiders—should yield substantial returns. Let's discuss.High volatility in the United States stock market due to rising inflationary pressures and general price levels amid geopolitical tensions has resulted in modest gains in benchmark indexes and fluctuating share prices of most companies. The S&P 500 index and have declined 0.7% and 1.4%, respectively, over the past five days. And the , which gauges market volatility and sentiment, has increased 10.8% over the same period.

However, the United States' long term growth outlook remains favorable, driven by impressive job growth and proposed fiscal stimulus packages. Consequently, insiders are scooping up the shares of Energy Transfer LP (ET) and Patrick Industries, Inc. (PATK) because the companies are likely to grow in tandem with the economy. While rising oil prices should drive ET, PATK is expected to benefit