Insider buys $2M...

Welcome to this week’s edition of CEO Watcher. This is the only tool that tracks the returns of insiders so we know which insider trades are worth copying.

This week we found:

• Director (and TV show host) bought $2M of the stock in October

• CEO with 156% returns bought $300k of the stock

• Director with 100% win rates bought stock at their small bank

Have a great weekend and thanks for reading!

Connor

👀 Top Insider Trades this Week

🥇 Marcus Lemonis - Director at Overstock ($OSTK)

Hey look, it’s the guy from The Profit TV show. He bought the stock for the first time earlier in October and has now bought ~$2M of the stock this month.

Historic Returns and Win Rate

• 1-year: 58% returns with a 68% win rate (27/40 trades)

• 6-month: 40% returns with a 68% win rate (27/40 trades)

• 3-month: 24% returns with a 35% win rate (14/40 trades)

• 1-month: 1% returns with a 52% win rate (21/40 trades)

Purchase Data (this week)

• Total Amount Purchased: $695,791

• Purchase Price: $15

• Current Price: $16.27 (+8%)

Rating

• Rating: 7

• Why: He purchased ~$2M of the stock in October between $14 and $17, including $700k this week. This is the first time he bought any company’s stock except for Camping World where he is CEO. The stock is down 80% since 2022 and he has pretty good returns and win rates with quite a bit of history.

🥈 Joseph Tabacco - CEO at Overstock ($OSTK)

He bought nearly $300,000 of the stock this week. It was his first purchase since November of last year and second largest purchase ever.

Historic Returns and Win Rate

• 1-year: 156% returns with a 75% win rate (3/4 trades)

• 6-month: 118% returns with a 40% win rate (2/5 trades)

• 3-month: 59% returns with a 60% win rate (4/5 trades)

• 1-month: 7% returns with a 40% win rate (2/5 trades)

Purchase Data (this week)

• Total Amount Purchased: $298,011

• Purchase Price: $14.19

• Current Price: $16.27 (+15%)

Rating

• Rating: 7

• Why: A sizable purchase by the CEO after the stock is down over 80% since 2022. He doesn’t have the best win rate, but when he is correct, he has had huge returns. The stock has also already popped a little bit this week, which lowers the upside a little bit.

🥉 Steven Eline - Director at Farmers and Merchants Bank (OTC: $FMFG)

He made his largest purchase of all time this week and only his second purchase since 2020 (the other being in August of this year at $20).

Historic Returns and Win Rate

• 1-year: 44% returns with a 100% win rate (5/5 trades)

• 6-month: 37% returns with an 80% win rate (4/5 trades)

• 3-month: 22% returns with an 80% win rate (4/5 trades)

• 1-month: 0% returns with an 83% win rate (5/6 trades)

Purchase Data (this week)

• Total Amount Purchased: $18,150

• Purchase Price: $18.15

• Current Price: $18.15 (+0%)

Rating

• Rating: 6

• Why: He has pretty good returns, very good win rates, and this is his largest purchase ever by over 2.5x. However, it is a pretty illiquid OTC stock and the purchase size still is pretty small.