although us stocks closed higher on wednesday 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 charter communications inc chtr director steven a miron acquired a total of 2500 shares an average price of 38435 to acquire these shares it cost around 96087 thousand  what charter communications does charter is the product of the 2016 merger of three cable companies each with a decadeslong history in the business legacy charter time warner cable and bright house networks  the trade mid penn bancorp inc mpb director john e noone acquired a total of 2000 shares at an average price of 3069 to acquire these shares it cost around 6138 thousand  what mid penn bancorp does mid penn bancorp inc operates in the financial services domain  don’t forget to check out our premarket coverage here   the trade ngm biopharmaceuticals inc ngm 10 owner tcg opportunity iii gp llc bought a total of 184272 shares at an average price of 500 to acquire these shares it cost around 92111 thousand  what’s happening ngm bio last month outlines corporate strategy and issued guidance on key priorities  what ngm biopharmaceuticals does ngm biopharmaceuticals inc is a clinicalstage biopharmaceutical company check this out 5 most expensive materials stocks you should worry about