This article summarizes the most significant insider buying and selling activities reported for US stocks on Monday, September 23, 2024.
Top Insider Buys:
• Sable Offshore Corp. (NYSE:SOC): Pilgrim Global ICAV, a significant shareholder, purchased 750,000 shares at $20.0 per share, totaling $15 million. This acquisition increased Pilgrim Global ICAV's direct holdings to 8,791,001 shares. The filing notes that these securities may also be indirectly beneficially owned by Pilgrim Global Advisors LLC, the investment manager to Pilgrim Global ICAV.
• Couchbase, Inc. (NASDAQ:BASE): Director Edward T. Anderson acquired 21,080 shares at an average price of $14.16, amounting to an investment of nearly $298,484. The transactions were executed at prices ranging from $14.08 to $14.20 per share on September 19, 2024.
• Codexis , Inc. (NASDAQ:CDXS): Opaleye Management Inc., a significant shareholder, purchased over $3.3 million worth of shares. The acquisitions were made at prices ranging from $2.9441 to $3.01 per share on September 20 and 23, 2024, demonstrating the investment firm's continued commitment to the industrial organic chemicals leader.
• Americas Carmart Inc. (NASDAQ:CRMT): Magnolia Capital Fund, LP purchased 813,953 shares at $43.00 per share, totaling approximately $35 million. The transaction was part of an underwritten public offering by Americas Carmart on September 19, 2024.
Top Insider Sells:
• Carvana Co. (NYSE:NYSE:CVNA): Paul W. Breaux, Vice President, General Counsel, and Secretary, sold 15,000 shares at $173.0 each, totaling approximately $2.6 million. The sale was conducted under a prearranged 10b5-1 trading plan on September 20, 2024.
• Carvana Co. (NYSE:CVNA): Ernest Garcia II, a significant shareholder, sold shares totaling over $34 million on September 19 and 20, 2024. The sales were executed at prices ranging from $165.9938 to $176.1125 under a pre-arranged trading plan.
• Meta Platforms, Inc. (NASDAQ:META): Chief Product Officer Christopher K. Cox sold 20,000 shares at prices ranging from $555.00 to $560.25 per share, totaling approximately $11,150,486. The transactions were executed on September 19, 2024, pursuant to a pre-arranged Rule 10b5-1 trading plan.
• Dell Technologies Inc. (NYSE:NYSE:DELL): CEO Michael S. Dell sold shares amounting to over $1.17 billion between September 19 and 23, 2024. The sales involved multiple transactions with share prices ranging from $115.80 to $118.52.
• Nvidia Corp (NASDAQ:NVDA): Director Coxe Tench sold shares totaling over $235 million over two days. The sales were executed at prices ranging from $116.2665 to $119.2664 per share.
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 their actions do not always indicate a clear future direction for the stock price.
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