Top insider trades (Fri, Aug 7)

Today’s Largest Unscheduled Trades

There were 200 new insider trades filed.

1 new stock was added to the CEO Watcher Portfolio after multiple insiders stepped in and bought the stock after a 40% drawdown in the last year. The stock has flattened out over the last 3 months and is trying to break out now after resetting expectations and reporting a decent quarter.

Our system gave high scores to 3 insider purchases (I shared our system’s notes on those in the High Scoring Purchases - Quick Notes).

We also found 3 insider purchases from insiders who average 20%+ 1y returns.

CEO Watcher Premium subs can see those notes in later sections of this email.

Today’s largest unscheduled insider trades:

• 10% Owner (Frazier Life Sciences XI, L.P.) at Attovia Therapeutics, Inc. $ATTO purchased $10.00M (first-ever purchase). This increased their listed holdings by 10%. Large price difference: Current: $20.38 | Tx: $17.00 | Diff: (+19.88%).

• Director (MEISTER PAUL M) at Aptiv PLC $APTV purchased $5.00M (largest purchase ever, out of 4). This increased their listed holdings by 322%. Dip Buy: the stock was down -21% in the previous month.

• 10% Owner (PAULSON & CO. INC.) at Thryv Holdings, Inc. $THRY purchased $1.12M (14th largest purchase, out of 16). Dip Buy: the stock was down -42% in the previous month.

• CEO at SiteOne Landscape Supply, Inc. $SITE purchased $816.28K (2nd largest purchase, out of 4). Reversal: they made 59 straight sales before this purchase. Their last purchase was 3359 days ago.

• Chief Executive Officer at Lumen Technologies, Inc. $LUMN purchased $612.68K (2nd largest purchase, out of 4). Dip Buy: the stock was down -39% in the previous 3 months.

• Director (Cornog William L) at BrightView Holdings, Inc. $BV purchased $562.40K (largest purchase ever, out of 7). This increased their listed holdings by 36%. Dip Buy: the stock was down -24% in the previous month.

• President & COO at DEL MONTE CORP $DMC purchased $358.70K (first-ever purchase). Reversal: they made 3 straight sales before this purchase.

• Chief Executive Officer at Tiziana Life Sciences Ltd $TLSA purchased $318.91K. Dip Buy: the stock was down -32% in the previous 3 months. This insider has purchased the stock 2 times in the last 30 days.

• Chief Executive Officer at SAGTEC GLOBAL Ltd $SAGT purchased $231.00K. Dip Buy: the stock was down -22% in the previous month. 1 other insider also purchased the stock in the last 30 days.

• EXECUTIVE CHAIRMAN & CEO at BED BATH & BEYOND, INC. $BBBY purchased $202.59K (22nd largest purchase, out of 54). Their last purchase was 510 days ago.

• Director (NASSAU HENRY N) at BLACKSTONE MORTGAGE TRUST, INC. $BXMT purchased $143.36K (5th largest purchase, out of 9). Dip Buy: the stock was down -20% in the previous month. Their last purchase was 455 days ago.

• Director (Ropp Ralph Lewis) at ENTERGY CORP /DE/ $ETR purchased $106.08K (largest purchase ever, out of 3). This increased their listed holdings by 41%.

• Director (Meister Keith A.) at ILLUMINA, INC. $ILMN sold $148.16M (3rd largest sale, out of 17). This decreased their listed holdings by -26%. Rip Sell: the stock was up 40% in the previous 3 months. 1 other insider also sold the stock in the last 30 days.

• CHAIRMAN AND C.E.O. at CHEESECAKE FACTORY INC $CAKE sold $10.00M (4th largest sale, out of 19). This decreased their listed holdings by -20%. Rip Sell: the stock was up 39% in the previous month. 4 other insiders also sold the stock in the last 30 days.

• Director (Otto Alexander) at Curbline Properties Corp. $CURB sold $5.21M (11th largest sale, out of 21). 1 other insider also sold the stock in the last 30 days.

• CEO Microsoft Commercial at MICROSOFT CORP $MSFT sold $4.88M (9th largest sale, out of 11). Rip Sell: the stock was up 26% in the previous month. 1 other insider also sold the stock in the last 30 days.

• Chief Technology Officer at Travel & Leisure Co. $TNL sold $4.10M (first-ever sale). This decreased their listed holdings by -100%. 4 other insiders also sold the stock in the last 30 days.

• CEO&Executive Chairman at Karooooo Ltd. $KARO sold $3.89M (largest sale ever, out of 4). Rip Sell: the stock was up 35% in the previous 3 months. This insider has sold the stock 4 times in the last 30 days.

• SVP & Chief Accounting Officer at nVent Electric plc $NVT sold $3.71M. This decreased their listed holdings by -31%. 1 other insider also sold the stock in the last 30 days.

• See Remarks at Travel & Leisure Co. $TNL sold $2.64M (3rd largest sale, out of 5). This decreased their listed holdings by -33%. 4 other insiders also sold the stock in the last 30 days.

• Director (Nottenburg Richard N) at Applied Digital Corp. $APLD sold $2.34M (largest sale ever, out of 27). This decreased their listed holdings by -35%. Rip Sell: the stock was up 101% in the previous year.

• Executive Vice President at POPULAR, INC. $BPOP sold $1.50M. This decreased their listed holdings by -34%. 1 other insider also sold the stock in the last 30 days.

• Sr. Vice President, Operations at Frontier Group Holdings, Inc. $ULCC sold $1.34M (largest sale ever, out of 2). This decreased their listed holdings by -100%. Rip Sell: the stock was up 66% in the previous 3 months. 6 other insiders also sold the stock in the last 30 days.

• and more…

CEO Watcher Commentary

It was a decent week for the CEO Watcher Portfolio (+1.71%), but we couldn’t quite hang with the S&P, which had back-to-back 1.75%+ days to start the week.

The main detractor was Celsius (CELH), which was crushed after earnings due to CELSIUS sales remaining weak. Multiple insiders bought the dip in Celsius (CELH) after their previous earnings report and stated that they believed the weak CELSIUS sales were temporary due to SKU optimization issues.

Well, they were very wrong, and CELSIUS sales were down nearly 12% YoY.

Even insiders can be wrong.

Overall, we are still outperforming the S&P by over 20 points since starting the CEO Watcher Portfolio at the end of October.

High Signal List

The High Signal List had a slightly better week, with returns of 2.49%.

Overall, we have just crossed 200 stocks added to the High Signal List since starting it in September.

So far, the list is outperforming across all timeframes (1m, 3m, 6m), with the outperformance increasing over time.

In our research, we found that insider buying outperformance was strong through the 1y mark, so we will see if that plays out in practice as well.

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CEO Watcher Premium

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