Top insider trades (Fri, May 1)

Connor’s Commentary

There were 131 new insider trades filed.

No insider trades were flagged as High Signal, but we share updates on the CEO Watcher performance in the Commentary section below.

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.

• 10% Owner (ASSURED GUARANTY LTD) at Sound Point Meridian Capital, Inc. $BDC purchased $6.00M (first-ever purchase). This increased their listed holdings by 31%. Reversal: they made 5 straight sales before this purchase.

• Director (WARNOCK JACOB AARON) at INTERNATIONAL BATTERY METALS LTD. $IBATF purchased $2.75M. This increased their listed holdings by 35%. Dip Buy: the stock was down -65% in the previous year.

• 10% Owner (DART KENNETH BRYAN) at Flutter Entertainment plc $FLUT purchased $2.34M. Dip Buy: the stock was down -33% in the previous 3 months. This insider has purchased the stock 20 times in the last 30 days.

• Chief Executive Officer at TSAKOS ENERGY NAVIGATION LTD $TEN purchased $998.34K (first-ever purchase). Rip Buy: the stock was up 47% in the previous 3 months.

• Chief Executive Officer at IPERIONX Ltd $IPX purchased $493.62K (2nd largest purchase, out of 3). Dip Buy: the stock was down -40% in the previous 3 months. 3 other insiders also purchased the stock in the last 30 days.

• Chief Executive Officer at Greenpro Capital Corp. $GRNQ purchased $250.00K (first-ever purchase). Rip Buy: the stock was up 65% in the previous 6 months. Reversal: they made 6 straight sales before this purchase.

• President and CEO at GE HealthCare Technologies Inc. $GEHC purchased $249.83K (first-ever purchase). 1 other insider also purchased the stock in the last 30 days.

• CHIEF EXECUTIVE OFFICER at BETTERWARE DE MEXICO, S.A.P.I. DE C.V $BWMX purchased $168.06K (first-ever purchase).

• President and CEO at Anika Therapeutics, Inc. $ANIK purchased $149.88K (first-ever purchase). This increased their listed holdings by 50%. Rip Buy: the stock was up 70% in the previous 3 months.

• Director (Martin Lorraine M) at IPERIONX Ltd $IPX purchased $149.61K. Dip Buy: the stock was down -40% in the previous 3 months. 3 other insiders also purchased the stock in the last 30 days.

• GC & Corporate Secretary at GE HealthCare Technologies Inc. $GEHC purchased $105.79K (largest purchase ever, out of 4). Their last purchase was 728 days ago. 1 other insider also purchased the stock in the last 30 days.

• Director (SANDBROOK WILLIAM J) at COMFORT SYSTEMS USA INC $FIX sold $2.60M (2nd largest sale, out of 39). This decreased their listed holdings by -16%. Rip Sell: the stock was up 24% in the previous month.

• Director (Getsinger Peter W) at ARGAN INC $AGX sold $1.89M (3rd largest sale, out of 14). This decreased their listed holdings by -30%. Rip Sell: the stock was up 74% in the previous 3 months. 6 other insiders also sold the stock in the last 30 days.

• EVP, Chief HR Officer at AVIS BUDGET GROUP, INC. $CAR sold $1.73M (4th largest sale, out of 13). This decreased their listed holdings by -20%. Rip Sell: the stock was up 50% in the previous month. 2 other insiders also sold the stock in the last 30 days.

• Chief Executive Officer at Enova International, Inc. $ENVA sold $1.38M (9th largest sale, out of 17). Rip Sell: the stock was up 23% in the previous month. Appears to be regularly scheduled yearly transaction.

• Director (Nottenburg Richard N) at Applied Digital Corp. $APLD sold $832.38K (4th largest sale, out of 19). This decreased their listed holdings by -10%. Rip Sell: the stock was up 34% in the previous month. 1 other insider also sold the stock in the last 30 days.

• SVP, Ops. Excellence & Sust at Noble Corp plc $NE sold $809.14K (largest sale ever, out of 4). This decreased their listed holdings by -65%. Rip Sell: the stock was up 46% in the previous 3 months.

• Executive Chairman at UNIVERSAL INSURANCE HOLDINGS, INC. $UVE sold $793.76K (14th largest sale, out of 83). Rip Sell: the stock was up 21% in the previous month. 2 other insiders also sold the stock in the last 30 days. Appears to be regularly scheduled yearly transaction.

• EVP, CIO at NASDAQ, INC. $NDAQ sold $700.22K (14th largest sale, out of 32). Rip Sell: the stock was up 10% in the previous month. 3 other insiders also sold the stock in the last 30 days.

• EVP, CDIO - see remarks at AVIS BUDGET GROUP, INC. $CAR sold $638.61K (first-ever sale). This decreased their listed holdings by -20%. Rip Sell: the stock was up 50% in the previous month. 2 other insiders also sold the stock in the last 30 days.

• Director (HOGAN JOEY B) at COVENANT LOGISTICS GROUP, INC. $CVLG sold $510.93K (4th largest sale, out of 19). This decreased their listed holdings by -12%. Rip Sell: the stock was up 29% in the previous month. Their last sale was 531 days ago. 1 other insider also sold the stock in the last 30 days.

• EVP & Chief Marketing Officer at Bancorp, Inc. $TBBK sold $506.02K (2nd largest sale, out of 2). This decreased their listed holdings by -25%. Their last sale was 547 days ago. 1 other insider also sold the stock in the last 30 days.

• and more…

Commentary

Happy Friday. Let’s take a look at the updated CEO Watcher data from this week.

CEO Watcher Portfolio

Another decent week for the CEO Watcher Portfolio.The portfolio is up 1.24% v 0.61% for the S&P.

Overall, the CEO Watcher portfolio crossed 10% outperformance v the S&P since we started it at the end of October (+14.88% v 4.62%).

As a reminder, I made a mistake a couple of weeks ago that cost the portfolio $500. I placed a large (relative to the CEO portfolio) pre-market purchase that was intended for my personal portfolio. By the time I realized and sold it, I lost $500. The actual portfolio performance is more like 20% (+15% v S&P) if you exclude that error.

CEO Watcher High Signal List

The High Signal List (which includes all stocks we’ve marked as high signal, even if we didn’t add them to the portfolio) also had a solid week.

We added 3 new stocks to the list, and the overall list was up an average of 1.02% v 0.79% for the S&P.

Overall, the High Signal List has continued to perform well since we started it in September.

The average 1M return for the stocks on the list is 1.82% (v 0.10% for the S&P). The average 3M return is 9.75% (v 1.52% for the S&P).

Insider Sentiment and the S&P

Insider sentiment continues to remain pretty flat after the short-term dip to start the year.

Nothing notable here. We are hanging out between the “bullish” and “very bullish” thresholds, which is where the sentiment indicator spends most of its time.

The S&P is also trying to break out of this little two-week base that it formed. Oil prices have actually returned above $100 (which is where it was when the market sold off), but the market simply doesn’t care this time.

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CEO Watcher Premium

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