Top insider trades (Fri, Feb 27)

Connor’s Commentary

There were 205 new insider trades filed.

No new insider trades were flagged as High Signal. 

As a reminder, if you upgrade to CEO Watcher Premium (link) and find that it isn’t for you, I’ll give you a refund.

• Director at ContextLogic Holdings Inc. (LOGC) purchased $12.31M (largest purchase ever, out of 5). This increased their listed holdings by 10%.

• Director at Candel Therapeutics, Inc. (CADL) purchased $3.00M (9th largest purchase, out of 34). This increased their listed holdings by 10%.

• Director at Mueller Water Products, Inc. (MWA) purchased $739.41K (2nd largest purchase, out of 5).

• Director at VORNADO REALTY TRUST (VNO) purchased $696.25K (3rd largest purchase, out of 27). This increased their listed holdings by 500%. Their last purchase was 3402 days ago.

• Director at INSULET CORP (PODD) purchased $499.85K (2nd largest purchase, out of 2). This increased their listed holdings by 12%. Their last purchase was 1008 days ago. 1 other insider also purchased the stock in the last 30 days.

• President and CEO at Ideal Power Inc. (IPWR) purchased $250.00K This increased their listed holdings by 36%. Dip Buy: the stock was down -29% in the previous month.

• Executive Chairman at American Assets Trust, Inc. (AAT) purchased $212.58K (149th largest purchase, out of 185). This increased their listed holdings by 0%. This insider has purchased the stock 3 times in the last 30 days.

• CEO and President at TrueBlue, Inc. (TBI) purchased $77.32K (2nd largest purchase, out of 3). This increased their listed holdings by 2%. Dip Buy: the stock was down -31% in the previous month. Their last purchase was 364 days ago. 2 other insiders also purchased the stock in the last 30 days.

• Chairman & CEO at Bloom Energy Corp (BE) sold $34.00M (largest sale ever, out of 4). Rip Sell: the stock was up 21% in the previous month. 3 other insiders also sold the stock in the last 30 days.

• PRESIDENT/CHIEF EXECUTIVE OFF. at COMFORT SYSTEMS USA INC (FIX) sold $13.61M (largest sale ever, out of 26). Rip Sell: the stock was up 25% in the previous month. Their last sale was 93 days ago. 4 other insiders also sold the stock in the last 30 days.

• President and CEO at BEL FUSE INC /NJ (BELFB) sold $7.28M (largest sale ever, out of 2). This decreased their listed holdings by -51%. Rip Sell: the stock was up 24% in the previous month. 1 other insider also sold the stock in the last 30 days.

• Director at COMFORT SYSTEMS USA INC (FIX) sold $3.61M (largest sale ever, out of 38). This decreased their listed holdings by -21%. Rip Sell: the stock was up 25% in the previous month. Their last sale was 168 days ago. 4 other insiders also sold the stock in the last 30 days.

• See Remarks at Xenia Hotels & Resorts, Inc. (XHR) sold $3.18M (largest sale ever, out of 7). This decreased their listed holdings by -21%. Their last sale was 1358 days ago.

• SVP, Chief People Officer at EBAY INC (EBAY) sold $2.91M (largest sale ever, out of 12). This decreased their listed holdings by -37%. Their last sale was 68 days ago. 2 other insiders also sold the stock in the last 30 days.

• Director at MODINE MANUFACTURING CO (MOD) sold $2.82M (3rd largest sale, out of 7). This decreased their listed holdings by -9%. Rip Sell: the stock was up 52% in the previous month. Their last sale was 197 days ago. 2 other insiders also sold the stock in the last 30 days.

• and more…

Commentary

Happy Friday! Let’s do our weekly review of CEO Watcher data.

Starting with our weekly returns for the CEO Watcher Premium Portfolio. We are slightly down for the week and slightly underperforming the S&P.

However, this is actually only because Interactive Brokers includes the pre-market returns for my portfolio on the chart, but not for the S&P. The S&P is down ~0.7% in pre-market, so we are actually outperforming the S&P by ~0.5%; it’s just not in the chart.

Since we started the portfolio at the end of October, we are still crushing the S&P (+23.55% v +0.27%).

The CEO Watcher Premium High Signal List outperformed the S&P by 0.7%.

That brings us up above 8% outperformance v the S&P since we started the High Signal List in September.

Pretty good performance for a diversified list of 117 stocks! When you filter out 97% of insider purchases, you can find some great ones.

CEO Watcher Premium subs get full access to the High Signal List and CEO Watcher Portfolio. Upgrade to CEO Watcher Premium at ceowatcher.com.

Sentiment

Our favorite insider sentiment tracker finally stopped falling. There have been a ton of insider dip buys recently, so I’m sure that helps.

The S&P has still not made a new high and continues to look like it could roll over.

We remain in a choppy, “wait and see” market until the S&P picks a direction.

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CEO Watcher Premium

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Upgrade to CEO Watcher Premium at ceowatcher.com to unlock:

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• The Premium Dashboard, which has a bunch of charts/tables with insider trading data that is updated each day

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