Top insider trades (Fri, Dec 12)

Connor’s Commentary

There were 224 new insider trades filed. We are closing up our second week in a row with below-average insider buying. I’ll discuss more in the commentary section below.

• Big $6.3M purchase by director at Alpha Metallurgical Resources (AMR). He also bought $16M in September at 20% lower prices.

• Baker Bros bought $172M of Kymera Therapeutics (KYMR)

• Hanwha Aerospace continues to buy millions of dollars of NextDecade (NEXT)

• First-ever discretionary sale (non-tax and non-10b51) by the Chief Insurance Officer at Lemonade (LMND). Probably doesn’t mean much, but it’s interesting because he has 26 previous sales that are all for taxes or part of a 10b5-1 plan

• A couple of directors at Cardinal Infrastructure Group (CDNL) bought the stock for the first time

• The CEO at Nerdy (NRDY) continues to buy

• The CEO at Westrock Coffee (WEST) bought $414k. His 3rd purchase in the last 6 weeks.

• CFO at PTC (PTC) sold $8.7M of the stock. Their largest sale ever (out of 10).

• A bunch of Urban Outfitter (URBN) 10b5-1 plans conveniently kicked on after the stock’s 30% rise in the last month

• A director at MGP Ingredients (MGPI) sold $7.5M (largest sale ever, out of 116).

• and much more…

I go into more depth on these companies in the CEO Watcher Premium sections below.

Commentary

Happy Friday! Since it’s the end of the week, let’s get an update on how the insider sentiment and CEO Watcher Portfolio are looking.

Starting with the CEO Watcher Portfolio, it has been on a tear recently. We have been smoking the S&P since we started on November 1st (particularly once we were done losing money on WIX).

This will certainly regress at some point, but I’m not complaining for now.

If you missed the first email where I discussed how the CEO Watcher Portfolio works, read that here.

The gains this week were driven by CS Disco (LAW), which is up 22%, and Ampco-Pittsburgh Corp (AP), which is up 16%.

We bought AP last week because we saw the CEO buying the stock, and it is now up over 30% in just 10 days. It probably won’t work forever, but the real-time CEO Purchase notifications in the Discord have been paying off massively recently.

The CS Disco (LAW) purchase was from a more legitimate pitch in early November that is hopefully starting to play out.

We are starting to run out of cash in the CEO Watcher Portfolio, so we are getting stricter about which companies get added, but we did add a few more CEO purchases and a couple of dip buys. CEO Watcher Premium subs can always see the current holdings in the screenshot in the Data Dump section or in the CEO Watcher Premium Dashboard.

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Switching gears to look at insider sentiment.

The last two weeks have had a noticable decline in the ratio of buying v selling.

This has now halted the upswing of our Insider Sentiment score.

Overall, we are still just sitting right in the middle of the bullish and very bullish cutoffs. The stock market goes up most of the time, and insider sentiment typically reflects that and sits between bullish and very bullish lines.

So everything looks pretty normal to me. I still sit firmly in the bullish camp and am fully invested.

keep scrolling. top trades + all of the charts and data below

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