although the dow jones jumped by more than 400 points on friday there were a few notable insider trades when insiders purchase shares it indicates their confidence in the companys 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 benzingas insider transactions platform   the trade occidental petroleum corporation 10 owner warren e buffett acquired a total of 901774 shares at at an average price of 5732 to acquire these shares it cost around 5169 million   what occidental petroleum does occidental petroleum is an independent exploration and production company with operations in the united states latin america and the middle east   the trade starbucks corporation interim ceo howard d schultz acquired a total of 137500 shares at an average price of 7267 to acquire these shares it cost around 999 million   what’s happening deutsche bank recently maintained starbucks with a buy and lowered the price target from 116 to 103   what starbucks does starbucks is one of the most widely recognized restaurant brands in the world operating nearly 34000 stores across more than 80 countries as of the end of fiscal 2021 don’t forget to check out our premarket coverage here  also check this executives sell more than 220m of 3 stocks   the trade rapt therapeutics inc 10 owner column group llc bought a total of 1250000 shares at an average price of 1067 to acquire these shares it cost around 1334 million   what rapt therapeutics does rapt therapeutics inc is a clinicalstage immunologybased biopharmaceutical company it is focused on discovering developing and commercializing oral small molecule therapies for patients with significant unmet needs in oncology and inflammatory diseases