This article summarizes the most significant insider buys and sells reported for Tuesday, September 24, 2024, in US stocks.
Top Insider Buys:
Banzai International, Inc. (NASDAQ:BNZI) saw a substantial purchase by significant shareholder Alco Investment Co. On September 20, 2024, Alco Investment acquired 282,420 shares of Class A Common Stock at $3.89 per share, totaling over $1.09 million. This transaction, part of a private placement, increased Alco Investment's total holdings to 330,340 shares, signaling positive sentiment towards the prepackaged software services company.
PBF Energy Inc. (NYSE:PBF) reported significant share purchases by major shareholder Control Empresarial de Capitales S.A. de C.V. On September 20 and 23, 2024, the company acquired a total of 515,000 shares at prices between $31.7844 and $31.8694, investing approximately $16.4 million. These purchases increased Control Empresarial de Capitales' stake to 23,217,398 Class A Common Shares, reinforcing its position as a major shareholder in the petroleum refining company.
AllianceBernstein Holding L.P. (NYSE:NYSE:AB) saw a substantial investment from Equitable Holdings (NYSE:EQH), Inc. On September 20, 2024, Equitable Holdings purchased 500,000 units at $34.1834 each, totaling about $17 million. This transaction increased Equitable Holdings' direct beneficial ownership to 3,066,838 units, with an additional 1,444,356 units indirectly owned through its subsidiary, Alpha Units Holding, LLC.
Corbus Pharmaceuticals (NASDAQ:CRBP) Holdings, Inc. (NASDAQ:CRBP) received a significant investment from Cormorant Asset Management. On September 20, 2024, the asset management firm invested approximately $7 million in open market transactions, purchasing shares at prices ranging from $17.475 to $22.228. This series of purchases indicates a bullish stance on the pharmaceutical company's stock.
Capricor Therapeutics, Inc. (NASDAQ:CAPR) reported a major purchase by significant shareholder Nippon Shinyaku Co Ltd. On September 20, 2024, Nippon Shinyaku acquired 2,798,507 shares at $5.36 per share, totaling about $15 million. This private placement transaction, part of a Subscription Agreement dated September 16, 2024, increased Nippon Shinyaku's total ownership to 7,090,351 shares.
Top Insider Sells:
Diamondback (NASDAQ:FANG) Energy, Inc. (NASDAQ:FANG) reported substantial insider sales totaling over $2.3 billion at $175.1075 per share on September 23, 2024. The transactions involved several high-level entities, including ACS Capital Holdings, LP, Endeavor Manager, LLC, SFT 1 Holdings, LLC, and SFT 2 Holdings, LLC, with Lyndal Greth Stephens holding key roles in each organization.
Endeavor Group Holdings, Inc. (NYSE:EDR) CEO Ariel Emanuel sold 427,096 shares of Class A common stock at prices between $28.00 and $28.225, totaling over $4.9 million. The sales occurred on two separate dates, with transactions executed in multiple parts, possibly to optimize sale prices.
Roivant Sciences Ltd. (NASDAQ:ROIV) CEO Matthew Gline engaged in significant transactions, selling 1,983,257 common shares at an average price of $11.79, totaling over $23 million. Gline also acquired 1,550,000 shares through option exercises at $3.85 per share and participated in a "net settlement" of restricted stock units and options to cover tax withholdings.
Trade Desk, Inc. (NASDAQ:TTD) President and CEO Jeffrey Terry Green sold shares totaling over $43 million at prices between $108.58 and $110.04 through a pre-arranged 10b5-1 trading plan. Green also acquired shares through option exercises, totaling approximately $30.5 million at prices between $61.46 and $68.29.
Hyatt Hotels Corp (NYSE:NYSE:H) reported a significant sale by the Margot & Tom Pritzker Foundation, a 10% owner. The foundation sold 1,642,251 shares of Class A common stock at $152.23 per share, totaling over $249 million. This sale involved the automatic conversion of an equal number of Class B common stock to Class A common stock.
Investors should stay tuned to insider buying and selling activities as they can provide valuable insights into a company's internal perspective. While insider transactions alone should not be the sole basis for investment decisions, they can offer additional context when combined with other financial analyses and market research.
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