Chairman buys $1M of stock...

Whoops!

You are getting two emails today. I started testing a daily version of CEO Watcher with a handful of readers and accidentally sent this morning’s email to everyone.

Anyway, on to the normal weekly email!

This week we found:

• The Chairman at $SOL bought $1M of the stock

• The CFO at $ABR bought the stock for the first time since COVID

• The CEO at $ETST bought the stock 5 times in the last 2 weeks

Have a great weekend and thanks for reading!

Connor

👀 Top Insider Trades this Week

🥇 Shah Capital - Chairman at Emeren Group Ltd ($SOL)

The chairman made two purchases this week which brings his total purchase history for 2023 up to 11 purchases at an average price of $2.95.

Historic Returns and Win Rate

• 1-year: 83% returns with a 63% win rate (10/16 trades)

• 6-month: 27% returns with a 61% win rate (11/18 trades)

• 3-month: 11% returns with a 57% win rate (12/21 trades)

• 1-month: 4% returns with a 48% win rate (13/27 trades)

Purchase Data (this week)

• Total Amount Purchased: $1,050,000

• Purchase Price: $2.31

• Current Price: $2.47 (+7%)

Rating

• Rating: 8

• Why: The win rates aren’t great, but that’s mostly due to a bunch of purchases he made in 2021 that went down with the 2022 market crash. Even with the average win rates, he still has great returns and this is a sizable purchase.

🥈 Paul Elenio - CFO at Arbor Realty Trust ($ABR)

Before this week, he had only bought the stock once, and then this week he bought it two more times.

Historic Returns and Win Rate

• 1-year: 82% returns with a 100% win rate (1/1 trades)

• 6-month: 40% returns with a 100% win rate (1/1 trades)

• 3-month: 25% returns with a 100% win rate (1/1 trades)

• 1-month: 2% returns with a 100% win rate (1/1 trades)

Purchase Data (this week)

• Total Amount Purchased: $123,275

• Purchase Price: $12.30

• Current Price: $12.91 (+5%)

Rating

• Rating: 8

• Why: His only previous purchase was during the COVID crash which had awesome returns. Now the stock has fallen 25% in the last 5 months and he made two more purchases this week.

🥉 Giorgio Saumat - CEO at Earth Science Tech ($ETST)

He has now bought the stock 5 times in the last two weeks. The purchases have been fairly small, but that may in part be because the stock is a tiny, super volatile OTC stock.

Historic Returns and Win Rate

• 1-year: N/A

• 6-month: 14% returns with an 89% win rate (17/19 trades)

• 3-month: 56% returns with a 64% win rate (16/25 trades)

• 1-month: 29% returns with a 52% win rate (13/25 trades)

Purchase Data (this week)

• Total Amount Purchased: $12,027

• Purchase Price: $0.075

• Current Price: $0.06 (-20%)

Rating

• Rating: 6

• Why: He has bought the stock 30 times in the last year with pretty good results. The main downside is that the stock has a tiny market cap, low volume, and is super volatile. His purchases have also been very small, but the low volume of the stock may have something to do with that