5 Stocks with Heavy Insider Buying in 2023

2. DISH Network Corp. (NASDAQ:DISH)

Number of Hedge Fund Holders: 37

Jim DeFranco is a VP and board member at DISH Network Corp. (NASDAQ:DISH). The executive has been on a DISH stock buying spree since last year. DeFranco bought Dish shares in March and May and it seems he will continue to load up on the stock. So far in 2023 he has bought about 5.25 million shares of DISH Network Corp. (NASDAQ:DISH) in several transactions at an average price of $8.88. DISH Network Corp. (NASDAQ:DISH) was trading at $6.89 as of May 19. DISH Network Corp. (NASDAQ:DISH) is down about 53% over the past six months.

Recently, NYPost reported that Dish chairman Charlie Ergen took a trip to Dubai in an effort to raise funds for DISH Network Corp. (NASDAQ:DISH). DISH Network Corp. (NASDAQ:DISH) needs these funds to meet the 5G requirements from the Federal Communications Commission to build out a network.