Top insider trades (Fri, Mar 27)

Connor’s Commentary

There were 137 new insider trades filed.

No insider trades were flagged as High Signal. CEO Watcher Premium subs can see those in the Trade Notes section of this email or the CEO Watcher Premium Dashboard that is linked in the Data Dump section.

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 (Troim Tor Olav) at Borr Drilling Ltd $BORR purchased $2.60M (first-ever purchase). Rip Buy: the stock was up 32% in the previous 3 months. 1 other insider also purchased the stock in the last 30 days.

• Director (Currie Jeffrey) at Borr Drilling Ltd $BORR purchased $1.33M (first-ever purchase). This increased their listed holdings by 239%. Rip Buy: the stock was up 32% in the previous 3 months. 1 other insider also purchased the stock in the last 30 days.

• Director (Worley Matthew Eugene) at Cascade Private Capital Fund $CPEFX purchased $500.00K (first purchase of CPEFX). 1 other insider also purchased the stock in the last 30 days.

• Chairman and CEO at Reliance Global Group, Inc. $EZRA purchased $50.97K (first purchase of EZRA). This increased their listed holdings by 45%. Dip Buy: the stock was down -43% in the previous month.

• Director (AE RED HOLDINGS, LLC) at Redwire Corp $RDW sold $92.25M (3rd largest sale, out of 37). This decreased their listed holdings by -22%. This insider has sold the stock 5 times in the last 30 days. Appears to be regularly scheduled monthly transaction.

• Director (Lawrence Bryan H.) at Ramaco Resources, Inc. $METC sold $5.55M (9th largest sale, out of 38). Dip Sell: the stock was down -58% in the previous 6 months. 4 other insiders also sold the stock in the last 30 days.

• Director (North Run Strategic Opportunities Fund I, LP) at LIGHTPATH TECHNOLOGIES INC $LPTH sold $4.38M (4th largest sale, out of 6). Rip Sell: the stock was up 33% in the previous 3 months. This insider has sold the stock 5 times in the last 30 days.

• PRES, CMO ROSS DRESS FOR LESS at ROSS STORES, INC. $ROST sold $1.49M (largest sale ever, out of 5). Rip Sell: the stock was up 69% in the previous year. 4 other insiders also sold the stock in the last 30 days.

• President and CEO at Bristow Group Inc. $VTOL sold $1.35M (3rd largest sale, out of 10). 5 other insiders also sold the stock in the last 30 days.

• Chief Financial Officer at Global Ship Lease, Inc. $GSL sold $903.84K (first-ever sale). This decreased their listed holdings by -17%.

• PRESIDENT, OPERATIONS at ROSS STORES, INC. $ROST sold $884.43K (2nd largest sale, out of 2). Rip Sell: the stock was up 69% in the previous year. 4 other insiders also sold the stock in the last 30 days.

• Director (HALTER TIMOTHY P) at DXP ENTERPRISES INC $DXPE sold $697.85K (largest sale ever, out of 9). This decreased their listed holdings by -11%. 1 other insider also sold the stock in the last 30 days.

• Director (Tilzer Brian A) at SIGNET JEWELERS LTD $SIG sold $622.72K (2nd largest sale, out of 5). This decreased their listed holdings by -35%. Their last sale was 919 days ago.

• EVP and CFO at Keysight Technologies, Inc. $KEYS sold $596.74K (8th largest sale, out of 14). Rip Sell: the stock was up 45% in the previous 3 months. 5 other insiders also sold the stock in the last 30 days.

• and more…

Commentary

After a few weeks of underperformance, we’ve finally eeked out a green week with the CEO Watcher Portfolio up 1.54% v -0.45% for the S&P.

This also brings us back above 11 points of outperformance v the S&P since starting the CEO Watcher Portfolio back at the very end of October. The CEO Watcher Portfolio is up 5.25% v -6.00% for the S&P.

We couldn’t have picked a worse time to start the portfolio. It was almost at the exact top of the market.

High Signal List

The High Signal List did not have as good a week, but still slightly outperformed the S&P,

That bumps the High Signal List outperformance v the S&P up to 5.42%.

Both the High Signal List and CEO Watcher Portfolio are holding on to positive returns while the S&P has been clobbered.

Insider Sentiment

The insider buying has levelled off over the past week and remains squarely between the “bullish” and “very bullish” cutoffs (where it spends most of its time).

Historically, we’ve seen the S&P perform exceptionally well over the following year when insider sentiment exceeds the “very bullish” threshold.

It doesn’t look like we are going to get there.

The S&P

The S&P continues to look abysmal.

We had a couple of green days this week, but it didn’t help much.

The rest of this email is for premium subscribers only.

CEO Watcher Premium

The rest of this email (including today’s top insider trades + all the charts and data) is for CEO Watcher Premium subscribers only. To see an example of the Premium email, click here.

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

• The Premium daily emails

• Full access to the website, which has all insider trades back to 2009. It includes search/filters and the returns of every trade and every insider to help you find the top insider trades

• Full access to the CEO Watcher Premium Discord where I share my notes and holdings in the CEO Watcher Portfolio

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

If CEO Watcher Premium is not for you, I give full refunds with no questions asked.