Insiders Spent Millions on These 3 Stocks Over the Past 2 Months

Core Insights - Insider buying activity has surged at three major companies, with executives investing over $170 million, indicating strong confidence in their future performance [1] Group 1: Builders FirstSource (BLDR) - Multiple directors, including Chairman Paul S. Levy, have purchased shares, with Levy investing approximately $55.4 million on May 8 [1][2] - Following Levy's purchase, BLDR shares increased by around 20%, outperforming the S&P 500's 11% gain during the same period [3] Group 2: UnitedHealth Group (UNH) - Stephen J. Hemsley, the new CEO and Chairman, bought approximately $25 million worth of shares on May 16, signaling confidence in the company's future [5][6] - Under Hemsley's previous leadership from 2006 to 2017, UNH shares provided a total return of 360%, significantly outperforming the S&P 500 [8] Group 3: Middleby (MIDD) - Director Edward P. Garden purchased over $93 million in Middleby stock from May 9 to May 21, increasing his stake from approximately 5% to 6% [10][11] - Garden aims to focus the company on its commercial foodservice segment, and the company announced plans to spin off its food processing business [12]