This article summarizes the most significant insider buys and sells from Sunday, September 29, 2024, for US stocks.
Top Insider Buys:
• BioAge Labs, Inc. (NYSE:BIOA) saw substantial insider buying activity. Director Pande Vijay Satyanand acquired 900,000 shares at $18.0 per share, totaling $16.2 million. This significant investment demonstrates the director’s confidence in the pharmaceutical company’s future prospects. Additionally, director Patrick G. Enright purchased 400,000 shares at $18.0 per share, amounting to $7.2 million. Director Healy James also made a notable investment, acquiring 588,888 shares at $18.0 per share, along with several smaller purchases, totaling over $11.9 million.
• GCT Semiconductor Holding, Inc. (NASDAQ:GCTS) experienced a large insider purchase from significant shareholder Anapass, Inc. The company acquired 741,603 shares at $3.02 per share, totaling over $2.2 million. This transaction increased Anapass’s stake in GCT Semiconductor to 8,017,466 shares, signaling strong confidence in the semiconductor company’s future.
• Talos Energy Inc. (NYSE:) saw substantial buying from major shareholder Control Empresarial de Capitales S.A. de C.V. Over two consecutive days, the company purchased shares worth approximately $6 million. The first day’s transaction involved 250,000 shares at a weighted average price of $10.5153, followed by an additional 336,700 shares at a weighted average price of $10.1886 the next day.
Top Insider Sells:
• Trade Desk, Inc. (NASDAQ:) President and CEO Jeffrey Terry Green sold a significant portion of his company stock over two days. The transactions totaled over $43 million, with shares sold at prices ranging from $108.87 to $111.72. These sales were executed under a 10b5-1 trading plan.
• Carvana Co. (NYSE:NYSE:) saw major shareholder Ernest Garcia II sell a substantial portion of his holdings over two days. The total value of the shares sold exceeded $33 million, with sale prices ranging from $166.54 to $173.14.
• Western Digital Corp’s (NASDAQ:) CEO David Goeckeler sold 75,000 shares at $70.32 per share, amounting to approximately $5.27 million. The transaction was carried out under a pre-arranged Rule 10b5-1 trading plan.
• Signet Jewelers Ltd (NYSE:NYSE:) CEO Virginia Drosos sold shares totaling over $5 million over two days. The transactions involved 50,000 shares sold at weighted average prices of $101.6743 and $101.7502.
• Seagate Technology Holdings plc (NASDAQ:STX) CEO William D. Mosley sold 141,785 ordinary shares at a weighted average price of $110.1755 per share, totaling approximately $15.6 million. This sale was executed under a Rule 10b5-1 trading plan.
Investors should stay tuned to insider buying and selling activities as they can provide valuable insights into a company’s potential future performance. While insider transactions alone should not be the sole basis for investment decisions, they can offer additional context when combined with other fundamental and technical analysis. It’s important to remember that insiders may have various reasons for buying or selling shares, and these transactions should be considered as part of a broader investment strategy.
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