although the nasdaq composite gained more than 150 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 apollo medical holdings inc 10 owner allied physicians of california a profession medical corp acquired a total of 250000 shares at at an average price of 3700 to acquire these shares it cost around 925 million   what apollo medical does apollo medical holdings inc is a patientcentered physiciancentric integrated population health management company   the trade american eagle outfitters inc director joseph noel spiegel acquired a total of 10000 shares at an average price of 1165 to acquire these shares it cost around 1165 thousand   what’s happening b riley securities downgraded american eagle outfitters from buy to neutral and lowered the price target from 22 to 13   what american eagle outfitters does american eagle outfitters inc is an apparel and accessory retailer with company stores in us canada mexico and hong kong don’t forget to check out our premarket coverage here  also check this fed chair powell speech and other macro issues for friday   the trade fastenal company chief financial officer holden lewis bought a total of 1000 shares at an average price of 4944 to acquire these shares it cost around 4944 thousand   what’s happening the company’s stock dropped around 22 since the start of the year   what fastenal does fastenal opened its first fastener store in 1967 in winona minnesota since then fastenal has greatly expanded its footprint as well as its products and services